{"id":38748,"date":"2024-10-01T12:10:35","date_gmt":"2024-10-01T12:10:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/taiwans-financial-regulator-permits-professional-investors-to-invest-in-digital-asset-etfs\/"},"modified":"2024-10-01T12:10:35","modified_gmt":"2024-10-01T12:10:35","slug":"taiwans-financial-regulator-permits-professional-investors-to-invest-in-digital-asset-etfs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/taiwans-financial-regulator-permits-professional-investors-to-invest-in-digital-asset-etfs\/","title":{"rendered":"Taiwan&#8217;s financial regulator permits professional investors to invest in digital asset ETFs"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/sec-charges-brothers-ponzi-scheme-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/sec-charges-brothers-ponzi-scheme-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/sec-charges-brothers-ponzi-scheme-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/sec-charges-brothers-ponzi-scheme-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">The FSC has restricted access to the virtual asset ETFs to professional institutional investors<\/li>\n<li aria-level=\"1\">Security companies will need to establish a \u201cvirtual asset ETF suitability system\u201d<\/li>\n<\/ul>\n<p>Taiwan\u2019s financial regulator is allowing professional investors to invest in \u201cforeign virtual asset\u201d exchange-traded funds (ETFs) through a re-entrustment service.<\/p>\n<p>In an <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\" rel=\"noopener\">announcement<\/a>, the <a href=\"https:\/\/coinjournal.net\/search\/Financial+Supervisory+Commission\">Financial Supervisory Commission<\/a> (FSC) explained that the move would give investors a \u201cvariety of product choices and enhance the momentum of China\u2019s securities firms\u2019 re-entrustment of business.\u201d<\/p>\n<p>As a result of the high risks involved in crypto-related ETFs, the FSC has restricted this to professional investors. These include professional institutional investors, high-net-worth professionals, and high-asset clients.<\/p>\n<p>Additionally, the FSC noted that security companies will need to establish a \u201cvirtual asset ETF suitability system, which needs to be approved by the board of directors, to determine a client\u2019s professional knowledge of virtual assets before investing in an ETF.<\/p>\n<p>The security companies will also need to provide product information relating to the ETF before a client makes their first purchase. The security firms will also provide regular training and education on virtual assets.<\/p>\n<p>The FSC said it will \u201ccontinue to pay attention to the handlings of re-entrusted business by securities firms and continue to improve relevant regulations to ensure the rights and interests of investors and enhance the competitiveness of securities firms.\u201d<\/p>\n<h2>Cautious approach<\/h2>\n<p>Taiwan has, traditionally, taken a cautious stance toward the cryptocurrency market.<\/p>\n<p>However, over the past year, the financial regulator has seen a shift toward the industry. Last September, the FSC released its <a href=\"https:\/\/coinjournal.net\/news\/taiwan-releases-new-guidelines-for-crypto-exchanges\/\">guidelines for crypto exchanges<\/a> with the aim of boosting crypto regulation.<\/p>\n<p>Following that, last October, the Taiwan government introduced the <a href=\"https:\/\/coinjournal.net\/news\/virtual-asset-management-bill-introduced-in-the-taiwan-parliament\/\">Virtual Asset Management Bill<\/a>.<\/p>\n<p>Focusing on customer protection, regulatory obligations, and industry self-regulation, the bill provides guidelines for virtual asset service providers (VASPs) while building industry growth.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/taiwans-financial-regulator-permits-professional-investors-to-invest-in-digital-asset-etfs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The FSC has restricted access to the virtual asset ETFs to professional institutional investors Security companies will need to establish a \u201cvirtual asset ETF suitability system\u201d Taiwan\u2019s financial regulator is allowing professional investors to invest in \u201cforeign virtual asset\u201d exchange-traded funds [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":38749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38748"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38748"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38749"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}