Taiwan's Financial Supervisory Commission (FSC) has officially authorized professional investors to invest in foreign virtual asset ETFs.
The move is intended to provide a wider range of investment options and create more opportunities for professional investors, in order to enhance the competitiveness of Taiwan's financial market.
The FSC has stated it will continue to closely monitor the virtual asset market, focusing on risk management and regulatory compliance.
Taiwan has taken a cautious approach to digital assets, citing concerns about risks such as fraud and volatility.
The FSC has already issued warnings and enforced strict anti-money laundering regulations, targeting cryptocurrency exchanges in particular.