Driven by concerns over activity in offshore markets and avoiding any regulatory arbitrage, Taiwan lawmakers are targeting the end of November to submit a first draft of a special law about offshore exchanges, The Block reported.
The association intends to represent exchanges, P2P trading platforms, financial investment platforms, wallet hosting companies and other types of crypto businesses.
Taiwan is set to impose restrictions on offshore cryptocurrency exchanges operating within its jurisdiction unless they gain the required registration.
Taiwan to Ban All Offshore Exchanges on Failure of Compliance coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.