<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/taiwans-parliament-approves-the-first-reading-of-the-crypto-regulation-bill/">Taiwan’s Parliament Approves the First Reading of the Crypto Regulation Bill!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Taiwan’s parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. The special law was proposed by 17 lawmakers, including Yung-Chang Chiang, and would require all crypto platforms operating in Taiwan to apply for a permit. If they failed to apply for one, regulators could order them to cease operations. The law would also give regulatory authorities the power to impose penalties on operators violating self-regulation rules. There is no specific timeline for the second reading, but it may not occur by the end of January 2024 due to the current tenure of lawmakers in Taiwan.</p>

Taiwan’s Parliament Approves the First Reading of the Crypto Regulation Bill!

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