The Formation of Taiwan's Crypto Advocacy Body and Its Role in Industry Supervision

The Role of Taiwan Crypto Advocacy Body

The Taiwan Crypto Advocacy Body has been established to facilitate cooperation between the private sector and the government in overseeing the cryptocurrency industry. It encompasses 24 entities, working together to ensure compliance and transparency.

Bridging Private and Government Sectors

The advocacy body serves as a crucial link between private companies involved in crypto and regulatory authorities in Taiwan. It aims to streamline communication and promote best practices for industry oversight.

Enhancing Transparency and Regulation

• Transparency: The collaboration of 24 entities signifies a collective effort towards greater transparency in the crypto sector.
• Regulation: By supervising the industry, the advocacy body intends to promote regulatory compliance among stakeholders.