**Taiwan to Pilot Crypto Custody Services via Local Banks**

Taiwan is gearing up to boost institutional cryptocurrency adoption. The Financial Supervisory Commission (FSC) plans to launch a trial for crypto custody services, as reported by Central News Agency on Oct. 8.

- **Launch Timeline**: Applications are expected to open in Q1 2025.

- **Early Interest**: Three private banks have already shown interest in participating.

- **Asset Focus**: Institutions must specify which assets they'll store, including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).

- **Target Users**: They must also detail their target users, whether professional investors, general investors, or crypto platforms.

FSC’s Hu Zehua announced that public feedback will be collected and the process will be fine-tuned before applications start. Stay tuned for more updates!