Taiwan Drafting National ICO Standards

The Taiwanese Monetary Supervisory Fee is drafting a set of nationwide requirements for preliminary coin choices. The regulator reportedly goals to make tokens as straightforward to take a position and as liquid as shares. The fee emphasizes that it “has no intention of curbing the creativity and productiveness related to cryptocurrencies if they aren’t used as securities.”

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Taiwan to Regulate ICOs

FSC Chairman Wellington Koo.

The chairman of Taiwan’s Monetary Supervisory Fee (FSC), Wellington Koo, has reportedly confirmed that the fee is drafting nationwide requirements for preliminary coin choices (ICOs). The FSC goals “to make digital tokens as straightforward to spend money on as shares and simply as liquid,” the Taipei Instances reported on Oct. 23.

At a finance committee assembly, Chinese language Nationalist Occasion (KMT) legislator William Tseng requested Koo whether or not the federal…

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