The post Taiwan FSC Mandates Board Approval for Bitcoin ETF Investments Amid Rising Global Demand appeared on BitcoinEthereumNews.com.

The Financial Supervisory Commission (FSC) of Taiwan has mandated board approval for securities firms before they facilitate Bitcoin ETF investments. Non-institutional investors must sign a risk disclosure before making their initial purchase. This move aligns with the rising global demand for Bitcoin ETFs, particularly in the United States. Taiwan’s Financial Supervisory Commission issues new regulations for Bitcoin ETFs, requiring board approval for securities firms and signed risk warnings for first-time investors. Taiwan FSC Greenlights Bitcoin ETF Investments The Financial Supervisory Commission (FSC) in Taiwan has announced that professional investors will now be able to invest in cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETFs, through a re-entrustment procedure. This policy shift aligns with increasing global interest in spot Bitcoin ETFs. Expert Oversight and Investment Risk Management In response to rising global demand, the Taiwan FSC has initiated consultations with the Securities Business Association of the Republic of China to evaluate the investment risks associated with foreign crypto ETFs. This proactive measure aims to diversify investment options for professional investors while also bolstering Taiwan’s re-entrustment business within its securities sector. Investor Criteria and Regulations Initially, the FSC has limited access to these high-risk crypto ETFs to professional investors, including institutional investors, high-net-worth legal entities, and individuals with significant asset portfolios and relevant investment experience. Retail investors will not have exposure to these ETFs at this stage. Board Approval and Investor Protection Before enabling Bitcoin ETF investments, securities firms in Taiwan must obtain board approval. Additionally, these firms are required to assess each client’s knowledge and experience with virtual assets. For non-institutional clients, a signed risk warning letter is necessary before the first purchase, along with detailed product information and regular educational updates on virtual assets. Monitoring and Regulatory Refinement The Taiwan FSC has also committed to continuous monitoring and refining of these…

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Filed under: News - @ September 30, 2024 12:27 pm