Public Hearing | Experts Provide Five Suggestions, FSC: As long as compliant, all operators can apply for Initial Public Offering (IPO)
Establish a dedicated team: Since there is specialized legislation in place, it is hoped that a special team can be established to specifically plan and manage the industry. This can help to more efficiently address the needs and issues of the industry.
Information security regulations: The current information security regulations reference standards from electronic payment and securities industries, but the needs of the virtual currency industry are different. It is recommended that future supporting measures clearly specify the information security standards for the virtual currency industry, with reference to international standards such as NIST, IEEE, and ISO, to ensure security.
Operating guarantee deposit system: It is recommended to introduce a guarantee deposit system similar to the travel industry in the special legislation. This can provide protection using the deposit when businesses face operational risks, not only safeguarding the interests of the businesses but also protecting the interests of investors.
Lower the threshold for regulatory sandboxes: Taiwan has many excellent startup entrepreneurs, but currently, the entry threshold for financial regulatory sandboxes is high. It is suggested to lower the threshold for regulatory sandboxes, taking reference from South Korea’s practices, to encourage innovative entrepreneurs to launch business products that meet current demands and enable them to quickly invest and achieve results.
Open up IPO opportunities: Businesses face difficulties in their operations, and if future IPO opportunities can be opened up, it will provide motivation for businesses, encouraging them to operate in compliance and pursue greater development.
