Taiwan Regulators Plan Crypto Custody Trial Next Year With Local Banks: Report
Regulators in Taiwan are reportedly planning a trial run of crypto custody services in local banks next year.
According to a new report by the Central News Agency (CNA), a media outlet backed by the government of Singapore, Taiwan’s Financial Supervisory Commission (FSC) is planning on letting banks trial digital asset custody services starting Q1 of 2025.
So far, three private banks have expressed interest in the program.
According to the report, Hu Zehua, Director of the Comprehensive Planning Division of the FSC, said during a press conference that before accepting applications, there will be a 15-day period for external opinions to be heard and considered.
The FSC says that firms applying for a trial run of crypto…
