TechFlow news, according to PCHOME report, Taiwan's Financial Supervisory Commission (FSC) plans to launch a pilot program for virtual asset custody services. Currently, three banks have expressed interest in applying. The service could start as early as the first quarter of 2025, targeting virtual asset exchanges and institutional investors. Hu Ze-hua, Director of the FSC’s Department of Comprehensive Planning, said applicants must clearly specify the types of virtual assets they intend to custody, such as Bitcoin and Ethereum.
The FSC will pay particular attention to operational security and the implementation of anti-money laundering measures. This initiative aims to promote financial innovation and lay the foundation for an upcoming specialized law on virtual assets. The FSC expects to release a draft of this dedicated legislation by the end of this year, providing a clear development framework for the virtual asset industry.
