According to Odaily: Taiwan's Financial Supervisory Commission has revealed that 52 cryptocurrency platform operators are planning to enter the Taiwan market. Twenty-five operators, including two Taiwanese branches of foreign companies, have completed declarations of compliance with anti-money laundering (AML) measures. The remaining 27 companies are in the process of implementing similar compliance requirements.

The Financial Supervisory Commission is expected to publish guidelines for virtual asset management in September and has not ruled out creating dedicated legislation in the future. Until then, the commission will regulate digital asset management platform operators under the Prevention of Money Laundering Act. Companies that fail to make AML compliance declarations will have to make improvements or face penalties ranging from 500,000 yuan to 10 million yuan.

On September 7, officials from Taiwan's financial regulator confirmed they had held a public hearing to gather opinions from industry insiders. They are expected to publish "Digital Asset Trading and Platform Management" guidelines for Digital Asset Service Providers (VASPs) later this month. Industry associations will then develop standards for self-regulation.