🚀 Taiwan Mobile, the country's second-largest telecommunications provider, has obtained a virtual asset service provider (VASP) license from Taiwan's Financial Supervisory Commission (FSC). This paves the way for you to launch your own cryptocurrency exchange.

The company, known in Chinese as Taiwan Big Brother, is the 26th to obtain the VASP license. To obtain it, it had to comply with several Anti-Money Laundering (AML) requirements.

Most of the members of the VASP association are startups, so the entry of a large corporation will give a boost to the industry.

Cryptocurrency regulation in Taiwan is evolving and becoming stricter. In March, the FSC announced it would introduce a bill in parliament to tighten regulation and increase consumer protection.

What do you think about this advance in cryptocurrency regulation? Comment below! 💬