Taiwan Mobile Major Player Enters Cryptocurrency Exchange General Manager Lin ZhiChens Firm Becomes Taiwans 26th VASP Operator
On July 5th, the Financial Supervisory Commission’s website announced the latest “List of Virtual Currency Platform Operators that have Completed Anti-Money Laundering Legislative Compliance Declarations.” Among them, “Fusheng Digital Co., Ltd.,” represented by Taiwan Mobile, a major telecommunications company with General Manager Lin Zhi-Chen as the responsible person, has become the 26th VASP operator in Taiwan and, consequently, a member of the VASP Association. According to Chain News, Taiwan Mobile has submitted its application some time ago and has finally been approved. There is also anticipation for the future integration of Taiwan Mobile with exchanges, which is expected to bring different cryptocurrency application scenarios. In the past, the Line Group also launched a cryptocurrency exchange and platform currency, as well as NFT-related applications. However, due to regulatory constraints and market acceptance, it did not achieve great success. Advertisement – Please scroll down for the rest of the article. VASP Taiwan Taiwan Mobile Extended Reading: The Special Law on Virtual Asset Management is Imminent: The Financial Supervisory Commission Announces a Four-Stage Management Plan, to be Submitted to the Executive Yuan in June 2025. Taiwan VASP Association Preparatory Group: The current person in charge of ACE temporarily steps back from preparatory work, and members will devote themselves to industry standards such as IEOs.
