Taiwan's Financial Supervisory Commission in Exploratory Phase for Crypto ETFs
An investigation into the possibility of establishing bitcoin exchange-traded funds (ETFs) is now being conducted by Taiwan's Financial Supervisory Commission (FSC), which is in the exploratory phase. The use of digital assets inside regulated financial markets is becoming more popular throughout the world, and this move is in line with that trend.
In other areas, like as the United States, Canada, and Australia, where such products are already trading on local exchanges, the Financial Stability Commission (FSC) is keeping an eye on the growth of cryptocurrency exchange-traded funds (ETFs). The Financial Stability Council (FSC) has acknowledged the severe volatility that is inherent with cryptocurrencies, which is the catalyst for this cautious approach. Before taking into consideration any kind of regulation relaxation, the commission intends to finish doing extensive study and analysis on international cryptocurrency futures products and exchange-traded funds (ETFs).
While highlighting the need of self-regulation and standards in the early stages, the Financial Stability Council (FSC) has signalled that there would be a progressive liberalisation of restrictions for trading digital assets. This strategy is consistent with Taiwan's long-standing policy of exercising caution with respect to investment products that are prone to volatility and speculation. The Financial Services Commission (FSC) has recently produced guidelines for virtual asset service providers and has been participating in the process of drafting legislation with the intention of establishing a more organised framework for the digital asset business in Taiwan. Such developments are examples of recent regulatory advancements.
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