{"id":139226,"date":"2024-10-10T11:30:56","date_gmt":"2024-10-10T08:30:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139226"},"modified":"2024-10-09T18:16:00","modified_gmt":"2024-10-09T15:16:00","slug":"taiwans-regulatory-body-initiates-trials-for-institutional-crypto-storage","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/taiwans-regulatory-body-initiates-trials-for-institutional-crypto-storage\/","title":{"rendered":"Taiwan’s Regulatory Body Initiates Trials for Institutional Crypto Storage"},"content":{"rendered":"

The Financial Supervisory Commission (FSC) plans<\/a><\/strong> to roll out this pilot program, according to a report from October 8.<\/p>\n

Applications for the trial are anticipated to be accepted starting in the first quarter of 2025, with three private banks in Taiwan already showing interest in entering the crypto custody market. Participating institutions will be required to detail the types of assets they will hold for clients, including well-known cryptocurrencies like Bitcoin<\/a><\/strong>, Ethereum<\/a><\/strong>, and Dogecoin<\/a><\/strong>. They must also clarify whether they are targeting professional investors, general clients, or specific crypto asset platforms.<\/p>\n

At a recent press conference, Hu Zehua, who heads the FSC\u2019s comprehensive planning division, mentioned that guidelines for the trial will be released at least two weeks prior to the application period. The commission also plans to solicit public feedback on the proposed program to ensure it meets community needs.<\/p>\n