Virtual Asset Service Providers (VASPs) Included in Annual Financial Inspection Focus for the First Time, Targeting 25 Industry Leaders
According to the United News Network, the Executive Yuan has designated the Financial Supervisory Commission (FSC) as the competent authority for virtual currency businesses in Taiwan this year. The FSC has also added “Virtual Asset Service Provider and Trading Business” (VASP) as a category for inspection in the 2024 Financial Inspection Focus (FinTech Inspection).
