New chapter in crypto regulation? Taiwan and El Salvador join forces

• The Taiwan Crypto Association is collaborating with key institutions in El Salvador to strengthen cryptocurrency regulations.
• Taiwan aims to enhance its own crypto regulations, particularly in areas such as stablecoin issuance and cryptocurrency derivatives trading.
• Discussions in Taiwan have included the potential introduction of leveraged derivatives trading and the establishment of a dedicated Financial Technology Bureau.
• Taiwan intends to unveil its Virtual Asset Service Providers (VASP) guidelines by the end of September.
• The Financial Supervisory Commission (FSC) will monitor digital currencies, combat money laundering, and ensure compliance with regulations.
• Taiwan's approach to crypto regulation has shifted from a hands-off approach to a comprehensive regulatory framework.

The article highlights Taiwan's efforts to strengthen cryptocurrency regulations and align with El Salvador. The sentiment is positive as it emphasizes the commitment to effective control over the crypto sector through a comprehensive regulatory framework.