Taiwan Mobile, a major telecommunications company, enters the cryptocurrency exchange market. General Manager Lin Chih-chen's company becomes the 26th VASP operator in Taiwan.

On July 5th, the Financial Supervisory Commission (FSC) website announced the latest list of "Virtual Asset Service Providers (VASPs) who have completed Anti-Money Laundering (AML) compliance statements." The list includes "Fusheng Digital Co., Ltd.," with Lin Zhi Chen, the General Manager of Taiwan Mobile, as the responsible person and Taiwan Mobile as the legal representative. This makes Fusheng Digital Co., Ltd. the 26th VASP in Taiwan and a member of the VASP Association.

On July 5th, the Financial Supervisory Commission (FSC) website announced the latest list of "virtual currency platform operators who have completed anti-money laundering regulatory compliance statements." The list includes "Fusheng Digital Co., Ltd.," with Lin Zhi Chen, General Manager of Taiwan Mobile, as the responsible person and Taiwan Mobile as the legal representative. This makes "Fusheng Digital Co., Ltd." the 26th VASP operator in Taiwan and a member of the VASP Association.

It is understood that Taiwan Mobile has been applying for this for a long time and has finally been approved. Looking ahead, the integration of Taiwan Mobile with cryptocurrency exchanges is expected to bring about different cryptocurrency application scenarios.

In the past, the Line Group has also launched cryptocurrency exchanges and platform tokens, as well as NFT-related applications. However, due to regulatory constraints and market acceptance, they have not achieved great success.

VASP Association: Welcoming New Members

Chairman of the VASP Association, Zheng Guang Tai, expressed great pleasure at the entry of various industry operators into the virtual currency industry. "Fusheng Digital Co., Ltd." is the 26th operator to pass the FSC's anti-money laundering statement, with Lin Zhi Chen, General Manager of Taiwan Mobile, as the representative. With rich experience in supporting startups and resources in the telecommunications industry, it is hoped that more resources and energy can be injected into the industry. In the future, association members will work together closely with regulatory authorities to establish self-regulatory norms, promote the development of financial technology, strengthen the international competitiveness of Taiwan's VASP industry.