Taiwan’s Financial Watchdog Prepares to Test Crypto Custody Services with Local Banks

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…