Reported over 1 year ago
On June 18, 2024, at 4:10 pm, Ker Chien-Tung in Taipei reports that the Chairman of the Financial Supervisory Commission, Peng Jinlong, plans to gradually regulate the virtual asset industry in four stages and is considering opening up Bitcoin spot ETFs. Virtual currency exchange operators believe that regulation can provide investors with more peace of mind, and any opening up is a positive direction. Wei Qilin, Chairman of the Ticker Association, praises Peng Jinlong's policy for its broad vision and suggests learning from neighboring countries' experiences by loosening restrictions on pure online banks. Various industry representatives express support for this policy, stating that regulating the virtual asset industry will greatly benefit its integration into the traditional financial system, improve market confidence and stability, and promote the development of new financial technologies. They hope for clearer and more open regulatory measures to attract more investors, enhance industry development, and expand the scope of legal operations for legitimate operators. Wei Qilin emphasizes Taiwan's readiness to become one of Asia's asset management centers, highlighting the country's ample private funds, geographic advantages, asset management market capabilities, strong tech industry talent, and the need to follow the footsteps of successful international practices. Taiwan is urged to relax restrictions on pure online banks to promote comprehensive financial industry development and catch up with neighboring countries' policies to ensure market competitiveness and ultimately become an Asian asset management hub.
Source: YAHOO