Taiwan Trials Crypto Asset Charging Services At Local Banks Starting 2025

Taiwan is testing crypto asset storage services at local banks starting in 2025 (Photo; Doc. The Coin Rise)

JAKARTA - Taiwan has again strengthened its position as one of the countries that supports the development of the digital asset market by launching a trial program for crypto asset storage services in local banks. Taiwan's Financial Supervisory Commission (FSC) Authority announced this plan in the first quarter of 2025, a strategic move aimed at ensuring the management of secure and trusted digital assets.

According to Cointurk's information, three leading private banks have expressed interest in joining the trial program initiated by the FSC. The selection process will involve an in-depth evaluation of the proposed application, and the results are expected to be announced within 15 days of the assessment process begin.

Banks and participating companies are required to disclose the types of crypto assets they will manage, as well as the targeted market segment, which could include individual investors, professional investors, or crypto exchange platforms.

The FSC pays special attention to cybersecurity practices for companies that offer crypto asset storage services. In addition, strict regulations are also enforced to ensure that money laundering prevention measures are implemented properly. Companies are required to comply with strict protocols to prevent the entry of crypto assets sourced from illegal funds.

"We are very concerned about the company's cybersecurity practices and are trying to prevent crypto assets originating from illegal funds," said Hu Zehua, Director of the FSC Comprehensive Planning Division.

As part of efforts to strengthen regulations in the digital asset market, the FSC recently changed policies requiring all crypto-based companies to register with regulators before September 2025. Failure to comply with these rules could lead to a sentence of up to two years in prison or a fine of 156,000 US Dollars (approximately IDR 2.4 billion).

In addition, at the end of September, the FSC also allowed professional investors to invest in foreign crypto exchange-traded funds (ETF), marking a step forward in expanding access to crypto-based financial products.

This new regulation and trial program aims to create a more secure and regular Taiwanian digital asset market. If this trial is successful, banks in Taiwan are expected to be able to provide secure crypto asset storage services, thus encouraging wider adoption of digital assets.