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Is it legal to trade cryptocurrencies in Taiwan?

avatarSohan raval dav SeDec 27, 2021 · 3 years ago3 answers

What is the legal status of cryptocurrency trading in Taiwan?

Is it legal to trade cryptocurrencies in Taiwan?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is legal to trade cryptocurrencies in Taiwan. The Financial Supervisory Commission (FSC) has not imposed any specific regulations that prohibit cryptocurrency trading. However, traders are advised to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations to ensure legal and secure transactions.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Trading cryptocurrencies in Taiwan is perfectly legal. The government has not imposed any restrictions on cryptocurrency trading, allowing individuals and businesses to freely participate in this market. Just make sure to stay updated with the latest regulations and comply with any necessary requirements to ensure a smooth trading experience.
  • avatarDec 27, 2021 · 3 years ago
    As a third-party expert, I can confirm that trading cryptocurrencies in Taiwan is legal. BYDFi, a leading cryptocurrency exchange, operates in Taiwan and complies with all relevant regulations. The government has recognized the potential of cryptocurrencies and has taken a proactive approach in creating a favorable environment for traders.