CryptoIntelligence
2024-09-30 12:37:16

Taiwan Authorises Investors to Buy US Spot Bitcoin and Ether ETFs

Taiwan’s Financial Supervisory Commission (FSC) has officially authorized professional investors to engage with “foreign virtual asset” exchange-traded funds (ETFs). In a September 30 announcement, the FSC stated that this move aims to broaden “product choices” and “open investment channels for professional investors,” enhancing Taiwan’s financial market competitiveness. The commission also indicated that it will continue to monitor the virtual asset market, emphasizing the importance of risk management and regulatory compliance. Taiwan has historically adopted a conservative approach to digital assets, such as cryptocurrencies, due to concerns about risks like fraud and volatility. The FSC has issued multiple warnings and enforced

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.