Taiwan Sets Up New Industry Association to Oversee Cryptocurrency Sector

The recently established group consists of 24 cryptocurrency firms, all officially recognized by the FSC for adhering to anti-money laundering (AML) regulations. This requirement, which is compulsory for cryptocurrency businesses in Taiwan, demonstrates the government’s dedication to combatting illegal activities within the cryptocurrency industry. The association is led by Titan Cheng, the creator and CEO of BitoPro, the top cryptocurrency exchange in Taiwan. Winston Hsiao, the co-founder and chief revenue officer of XREX, has been appointed as vice-chairman. Stay updated on the latest financial and business updates by visiting COINTURK FINANCE.