Taiwan Mobile Acquires Cryptocurrency Exchange Lin Chihchens Company Becomes Taiwans 26th Licensed VASP
On July 5, the Financial Supervisory Commission (FSC) website released the latest list of virtual asset service providers (VASPs) who have completed their anti-money laundering regulatory compliance statements. Among them, Taiwan Mobile’s General Manager, Lin Zhi Chen, serves as the responsible person for “Fusheng Digital Co., Ltd.,” represented by Taiwan Mobile as its corporate entity. This marks “Fusheng Digital Co., Ltd.” as Taiwan’s 26th VASP and an official member of the VASP Association.
According to Chain News, Taiwan Mobile has finally passed its application after a prolonged period of submission. Looking ahead, the integration of Taiwan Mobile with exchanges is expected to bring about diverse applications of cryptocurrencies.
Previously, the Line Group had also launched cryptocurrency exchanges and platform tokens, along with NFT-related applications. However, due to regulatory constraints and market acceptance, these initiatives did not achieve significant success.
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