Taiwan’s Major Crypto Exchanges Form Association to Advance Industry Interests

As regulators in Taiwan prepare to unveil a cryptocurrency regulation framework in September, the nation’s digital asset platforms have announced the formation of a new industry association.

MaiCoin Group, BitoGroup, and Ace Exchange are the founding members of the Taiwan Virtual Asset Platform and Transaction Business Association. The preparatory group established for the association was created in early September, and the legal recognition of the initiative is expected in October, following the government’s release of the crypto framework.