TechFlow news: Taiwan's authorities announced today the establishment of a cryptocurrency industry association aimed at promoting self-regulation within the sector. The association will develop self-disciplinary guidelines and implement a classified, tiered management system for virtual asset service providers. A total of 24 cryptocurrency companies have joined the association, with Titan Cheng, founder of BitoPro, serving as chairman, and Winston Hsiao, co-founder of XREX, serving as vice chairman.
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