Read

Taiwan’s financial regulator has authorized professional investors to access foreign crypto exchange-traded funds through local brokers. 
Professional investors in <a href="https://crypto.news/tag/taiwan/" target="_blank">Taiwan</a> can now access foreign crypto <a href="https://crypto.news/tag/etf/" target="_blank">exchange-traded funds</a> through local securities firms, as approved by the Financial Supervisory Commission to diversify investment options while managing associated risks. 
According to a Sept. 30 <a href="https://www.fsc.gov.tw/ch/home.jsp?id=2&amp;parentpath=0&amp;mcustomize=news_view.jsp&amp;dataserno=202409300004&amp;dtable=News" target="_blank">press release</a>, the FSC’s new policy limits access to foreign crypto ETFs to professional investors, including institutional investors, high-net-worth entities, and individual investors classified as professionals due to the “complex nature of virtual assets and their significant price volatility.” 
Securities firms are now required to establish suitability assessments for virtual asset ETF products, which must be approved by their board of directors. Prior to initial purchases, firms also “must assess whether the client has the necessary expertise and experience in virtual asset and related product investments to determine the suitability of the investment,” the press release reads. 
 You might also like: <a rel="" href="https://crypto.news/taiwan-is-not-in-a-cbdc-rush-as-central-bank-lacks-timetable/"> Taiwan is not in a CBDC rush as central bank lacks timetable </a> 
The FSC said it also plans to continuously monitor the implementation of these measures, aiming to safeguard investor interests while enhancing the “competitiveness of securities firms.” 
Taiwan joins a growing number of markets recognizing the demand for crypto-linked investment products, although regulatory caution remains high amid concerns over volatility and investor protection. 
Earlier this year, FSC Chairman Huang Tianzhu <a href="https://crypto.news/taiwans-fsc-cryptocurrency-regulation/" target="_blank">highlighted</a> increasing concerns regarding fraudulent crypto activities, signaling that strict administrative penalties would be enforced on crypto exchanges and foreign currency merchants. He reiterated that cryptocurrencies have no correlation to the real economy and warned of rising investment disputes and risks associated with unregulated overseas investments. 
 Read more: <a rel="" href="https://crypto.news/taiwanese-court-convicts-spies-paid-in-crypto-by-china/"> Taiwanese court convicts spies paid in crypto by China </a>

Taiwan regulator approves foreign crypto ETFs for professional investors

crypto.news

Other articles published on Sep 30, 2024

Boss Trump Solana Memecoin to Explode Over 19,000% Before Exchange Listings, As SHIB and DOGE Lag

Top 3 Discounted Value Stocks Worth Buying Now

Robinhood Shuts Down Stablecoin Rumors

Binance announces Eigen layer (EIGEN) listing and reveals trading details

Taiwan FSC Given Green Signal to Crypto ETFs

4 Shiba Competitor to Buy to Turn $1 to $1000 in 2024

Join our free newsletter for daily crypto updates!