Taiwan Mobile Acquires Crypto Exchange, Joins VASP Ranks

• Taiwan Mobile acquires a crypto exchange, joining Taiwan’s VASP list, signaling a significant shift in the financial landscape.
• The FSC’s recent listing of Taiwan Mobile as a VASP highlights the company’s commitment to compliance with laws regarding money laundering.
• Taiwan Mobile’s entry into the cryptocurrency market could drive innovation and trust, encouraging more firms to explore digital currencies.

Taiwan Mobile, a leading telecommunications provider, has purchased a cryptocurrency exchange, becoming the 26th Virtual Asset Service Provider (VASP) in Taiwan. General Manager Lin Zhichen heads the company, with Taiwan Mobile serving as the legal representative.

Taiwan Mobile Co., Ltd., Taiwan's second largest telecom operator with 9.86 million users, has applied to become Taiwan's 26th VASP Virtual Asset Service Provider and may open its own cryptocurrency exchange. https://t.co/4UNCjPTvxb

— Wu Blockchain (@WuBlockchain) July 5, 2024

The Financial Supervisory Commission (FSC) website on July 5 updated the “List of Virtual Currency Platform Operators that have Completed a Declaration of Compliance with Money Laundering Prevention Laws,” now including T…

The post Taiwan Mobile Acquires Crypto Exchange, Joins VASP Ranks appeared first on Coin Edition.