Taiwan Mobile, Taiwan's second largest telecommunications provider, was licensed to provide crypto services by the Financial Supervisory Commission (FSC) on July 5.

Bloomberg says Taiwan Mobile is looking for partners in Taiwan's crypto market, suggesting the possibility that the company could move towards establishing a crypto exchange.

This approval marks Taiwan Mobile as the 26th virtual asset service provider (VASP) registered in Taiwan, joining companies such as MaiCoin, BitoPro, and XREX.