Taiwan Mobile's exchange may begin operations as early as next year, partnering with Fubon Bank.

Taiwan Mobile's General Manager Lin Zhichen revealed in an exclusive interview with (Commercial Times) that its subsidiary Far Eastern Digital has been approved by the Financial Supervisory Commission to become the 26th legal virtual asset service provider, and may officially start operating the cryptocurrency exchange as early as 2025.

According to reports from Web3+, Far Eastern Digital's layout has long been traceable, as the company has applied for three trademarks: 'OP Cryptocurrency Wallet', 'OPcrypto', and 'OPcryptoex', indicating that Taiwan Mobile has been prepared to enter the cryptocurrency market.

In addition, Far Eastern Digital has recruited talents with rich fintech experience, including Han Kunju, who was involved in the development of the Pi wallet, serving as general manager.

Lin Zhichen revealed that Far Eastern Digital's cryptocurrency exchange will cooperate with Taipei Fubon Bank to conduct transactions in New Taiwan Dollars. He pointed out that currently, only about 4% of the population in Taiwan holds cryptocurrency assets, which is far lower than the scale of investors in the Taiwan stock market, indicating significant growth potential in the future.

Lin Zhichen is optimistic about cryptocurrencies, predicting that fiat currency will be replaced within the next 30 years.

Lin Zhichen holds an open and optimistic attitude towards the development of cryptocurrencies, predicting that traditional fiat currencies may be substantially replaced in the next 20 to 30 years. He explains that the new generation of currencies will no longer require government oversight, which is one of the significant changes brought about by the Web3 wave to human society.

At this year's Fintech Trends Forum in November, Lin Zhichen further emphasized three core pillars for promoting the healthy development of the cryptocurrency market: media independence, user participation, and industry self-discipline.

He specifically pointed out that independent media investigations have timely revealed potential issues in major events such as FTX and LUNA's collapse, demonstrating their importance in maintaining market transparency.

Further reading:
FTX Anniversary: The Decline) Foreign media fired the first shot, and SBF's cryptocurrency empire collapsed in an instant.

Song Zailin's posthumous work! (Crash) The movie will be released next year, and the internet speculates it will be adapted from the LUNA collapse event.

What is Taiwan Mobile's layout regarding Web3 and AI?

In addition to establishing a cryptocurrency exchange, Taiwan Mobile's strategic alliance with AppWorks has incubated 148 active startups in the Web3 field, with a total market value of 10.4 billion USD.

Among these, AppWorks' investment in Dapper Labs/Flow in 2019 was particularly successful, supporting several well-known NFT projects, including NBA Top Shot.

In the field of AI, Taiwan Mobile is fully promoting the 'Superman Project', aiming for over 80% of employees to master AI and RPA tools to enhance work efficiency by 20% to 30%.

Taiwan Mobile has also invested in purchasing generative AI tools such as ChatGPT and Midjourney for employee use, and has established an AI 2.0 Lab to research AI-assisted software development and automated testing.

Looking ahead, Taiwan Mobile's development strategy across telecommunications, Web3, and AI reflects the determination of traditional telecom operators to transform into digital technology companies. With the launch of its subsidiary Far Eastern Digital's exchange, Taiwan Mobile will further expand its influence in the fintech field, writing a new chapter for Taiwan's digital financial development.

'Operations may begin as early as next year! Taiwan Mobile's exchange partners with Fubon, will cryptocurrency trading become widespread in Taiwan?' This article was first published in 'Cryptocurrency City'.