Taiwan's financial supervisory authority allows professional investors to invest in ETFs for digital assets

Due to the high risks associated with crypto -related ETFs, FSC has limited this to professional investors. This includes professional institutional investors, wealthy professionals and wealthy customers.

In addition, the FSC found that security companies have to set up a "system for the suitability of ETFs for virtual assets", which must be approved by the board in order to determine a customer's expertise on virtual assets before investing in an ETF.

The securities companies also have to provide product information for the ETF before a customer makes their first purchase. The security companies will also regularly offer training and training on virtual assets.

the FSC said that he would continue to pay attention to the handling of newly entrusted shops through security companies and further improve the relevant regulations to ensure the rights and interests of investors and to improve the competitiveness of the securities companies. ”

cautious approach

Taiwan traditionally took a cautious attitude towards the cryptocurrency market.

However, the financial supervision observed a relocation towards the industry last year. Last September, the FSC published its guidelines for crypto exchanges with the aim of strengthening crypto regulation.

Afterwards, the Taiwanese government brought Virtual Asset Management Bill last October.

The draft law focuses on customer protection, regulatory obligations and self -regulation of the industry and offers guidelines for virtual asset service providers (vasps) to promote industry growth.