Taiwan’s cryptocurrency firms have announced plans to establish an industry association ahead of the expected release of guidelines by the country’s financial regulator this week. The move would authorize firms to create self-supervisory rules for the largely unregulated industry in Taiwan while delivering legitimacy and oversight for the sector. The working group currently comprises nine firms, including major exchanges such as BitoGroup, MaiCoin, and ACE. The association, which aims to cover a range of crypto sub-sectors, including OTC trading platforms, wealth investors, and custodians, is expected to apply for official status in October.