Taiwan’s financial regulator approves foreign crypto ETFs for professional investors
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Taiwan’s Financial Supervisory Commission (FSC) has taken a bold step by approving foreign crypto exchange-traded funds (ETFs) for professional investors, a move announced on September 30, 2024. This decision allows institutional investors, including high-net-worth individuals and specific investment firms, to access these ETFs through a regulated re-entrustment process, which involves delegating investment management to third parties for enhanced oversight. The FSC’s approval comes after thorough discussions with the Securities Business