Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks
Taiwan’s Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating.
The latest move signifies efforts to promote institutional adoption of crypto in the region.
Institutional Crypto Custody in Taiwan
According to a report by local media, institutions participating in the pilot must specify the types of virtual assets they will custody—such as Bitcoin, Ethereum, or Dogecoin—and identify whether their services are for platforms, professional investors such as institutions, high-net-worth entities, or the general public.
In a…
