Taiwan's Cryptocurrency Advocacy Groups Unite to Form Association

IconCryptoNewsTerminal Staff14 Jun, 2024

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Taiwan's Cryptocurrency Advocacy Groups Unite to Form Association

Taiwan has taken a significant step in the regulation of its cryptocurrency industry with the formation of the Taiwan Virtual Asset Service Provider Association (TVASPA). The association brings together 24 cryptocurrency advocacy groups in the nation, as reported by Coindesk. TVASPA aims to serve as a bridge for collaboration between the private sector and the government in overseeing the crypto industry. The initial goals for the association will be to set standards for listing and delisting cryptocurrencies, consumer protection, risk management, and transaction monitoring. This move is seen as a positive step towards bringing clarity and legitimacy to the cryptocurrency sector in Taiwan. [Engaging content]

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