Taiwan is set to name its top financial regulator as the main authority overseeing crypto as it steps up control over the industry following the market turmoil triggered by the collapse of the FTX crypto empire.
The announcement of the Financial Supervisory Commission as the chief regulator of crypto exchanges and virtual assets could come as early as the end of this month, according a person familiar with the matter, asking not to be identified due to the private nature of the information. Taiwan’s cabinet and the FSC have been working with other government departments and talking to industry representatives to work out a concrete plan, said people with knowledge of the discussions.
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