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Taiwan’s financial regulator has taken a new step by allowing professional investors to access overseas crypto exchange-traded funds (ETFs), marking a shift in its previous stance.
The Financial Supervisory Commission (FSC) announced that professional investors in Taiwan can now invest in foreign crypto ETFs, provided certain criteria are met. This decision comes approximately six months after FSC chairman Huang Tianmu criticized cryptocurrencies in March, stating that they had “no connection” to the real economy. The regulator’s current move suggests a cautious approach, given concerns about the volatility of the crypto market.
Taiwan’s Crypto ETF Policy for Overseas Markets On September 30, the FSC revealed that the new policy was formulated in collaboration with the Securities Business Association of the Republic of China. This consultation emphasized the significant risks involved in investing in crypto ETFs.
As a result, access to these digital asset ETFs is restricted to professional investors such as high-net-worth individuals, institutions, and other qualified entities. Before offering these products, security firms must assess the investor’s level of expertise in digital assets and ensure board approval.
In addition, security firms are required to provide comprehensive product details and secure a signed risk disclosure from clients before their first purchase of ETFs.
Furthermore, the FSC mandates that security firms offer continuous education and training to their personnel on virtual assets, ensuring they thoroughly understand the products they handle.
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The FSC also emphasized that it will closely monitor security firms’ involvement in foreign crypto ETF activities and strengthen regulations to protect investors and ensure fair competition in the market.
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