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Will Taiwan regulate the crypto industry?

Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. Taiwan has taken a significant step toward regulating the crypto sector by proposing a special crypto law, which has passed its first reading at the Legislative Yuan (Taiwan’s parliament).

When will Taiwan's cryptocurrency Bill come out?

On that same day, major cryptocurrency exchanges operating in Taiwan also formed an association to further the interests of the industry. However, the exact timeline for the second reading of the bill is not specified. Still, it may only occur in January 2024, as the current tenure of all lawmakers in Taiwan ends next January.

Will Taiwan regulate cryptocurrencies in 2024?

May 29-31, 2024 - Austin, Texas The biggest and most established global event for everything crypto, blockchain and Web3. Register Now Taiwan will soon have special legislation to regulate cryptocurrency and its Financial Supervisory Commission will be in charge.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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