The only list of virtual currency companies controlled by the Taiwan Financial Supervisory Commission at this stage has been "passed by the Anti-Current Declaration". After the Bijin Exchange was delisted, a new company was added on September 26, "Absolute Digital Co., Ltd." It is reported that the person in charge of the company and Zombie Club, the NFT project that was once popular in Taiwan, is owned by the same person, but there is still no clear response as to what kind of business the company will conduct. It seems like people are still flocking to the "anti-washing statement". Is it really so valuable?

Industry insiders: The declaration of qualifications is a huge success, and the registration system is on the road.

After Taiwan launched the Guiding Principles for Virtual Currency Industry, various industries have become increasingly clear about "what is compliance". The anti-warfare statement has become a sweet burden. It is not only a recognized compliance qualification to a certain extent, but also for For some businesses, compliance costs bring a heavy burden.

Businesses at home and abroad who want to land in Taiwan are exploring the possibility of "acquiring" businesses with the qualifications to make anti-warning declarations. We have also seen that existing businesses on many lists need to replace the person in charge, which shows the popularity of this qualification.

However, anti-laundering claims may not actually be that valuable. The Taiwan Financial Supervisory Commission and the Virtual Asset Platform and Trading Business Association will launch a self-regulation draft in September, which will set more compliance standards and penalties for VASPs. More importantly, the Financial Supervisory Commission has stated in April this year that it will move towards compliance with Registration system for specific capital and security standards.

After the registration system is put into effect, these current declaration qualifications will inevitably be re-examined, and self-regulatory regulations will clearly classify operators with varying degrees of detailed regulations. Obtaining the qualification for anti-aging declaration now does not guarantee future registration qualifications.

This article Taiwan’s VASP anti-washing statement adds another industry. Will it still be valuable after the registration system is put on the road? First appeared in Chain News ABMedia.