**Institutional Crypto Custody Service Launches in Taiwan**

- Taiwan’s Financial Supervisory Commission (FSC) plans to launch a pilot program for institutional crypto custody in early 2025. Three private banks have already expressed interest in participating.

- Institutions must specify the types of assets they will be storing (Bitcoin, Ethereum, Dogecoin) and the user groups they will be serving.

- The FSC will hold a 15-day public consultation period before accepting applications. 📊

- The move reflects Taiwan’s growing interest in crypto and efforts to encourage institutional adoption. 🌐