Taiwan aims to advance institutional crypto adoption. Local regulators plan to pilot crypto custody services through local banks. Taiwan’s Financial Supervisory Commission (FSC) is preparing to launch an institutional trial for crypto custody services. While the FSC plans to accept applications in the first quarter of 2025, three private banks have already expressed interest in the business model.

The FSC stated that assets such as Bitcoin, Ether, and Dogecoin will be stored. Institutions must specify the types of assets they will store and the user groups they target. The FSC will collect public feedback on the trial process and revise the process accordingly.

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