Search results for "PENG"

Taiwan Stocks Poised for "One Share ( 1000 Shares ) Changed to 1 Share" to Align with International Standards? FSC Commits to Reform Report Within One Month

The Financial Supervisory Commission (FSC) Chairman Peng Chin-lung announced that it will initiate an assessment of transitioning from the "thousand-share unit system to single-share unit system," with a commitment to submit a report within one month to address the investment threshold issues for retail investors. The current "one thousand shares per lot" system makes it difficult for small investors to participate and creates a gap with international standards. While the U.S. stock market uses "single shares" as the trading unit and supports fractional share trading, the system conversion faces challenges such as system upgrades and the need to rebuild investor habits.
ONDO6,19%
動區BlockTempo·03-26 03:05

Virtual Assets Special Law Listed as Priority Legislation! Peng Jinlong: Custody Guidelines to be Established Within 6 Months, Offshore Exchange Operators to Land Through 2 Pathways

Taiwan's virtual asset regulatory framework is accelerating its formation. The Financial Supervisory Commission stated that the draft "Virtual Asset Services Act" has completed its review and plans to submit it to the Legislative Yuan in the current session. The legislation will introduce asset trust and segregated management mechanisms to strengthen investor protection, and will gradually open banking participation in virtual asset custody services. Nineteen banks have expressed interest, with five currently approved for pilot programs. As the regulatory system continues to improve, Taiwan's virtual asset market's legal framework is gradually being established.
区块客·03-24 08:21

Taiwan's Cryptocurrency-Specific Law to be Submitted to Legislative Yuan This Session, Peng Jinlong: Formal Guidelines to be Established Within Six Months, Two Landing Channels for Offshore Exchanges to be Opened

The Financial Supervisory Commission (FSC) Chairman Peng Chin-lung confirmed in the Legislative Yuan that the draft Virtual Asset Service Act has passed the Executive Yuan's review and will be submitted to the Legislative Yuan this session. Nineteen banks have expressed interest in participating in virtual asset custody, and formal guidelines will be formulated within six months. Simultaneously, two legal pathways for regulating offshore exchanges have been proposed, and a cautious stance is being taken toward virtual asset derivatives products, with consideration for opening them only after operators demonstrate adequate capital and risk control capabilities.
動區BlockTempo·03-23 07:51

Eliminating Regulatory Blind Spots! Peng Jinlong: Two Methods to Regulate Offshore Crypto Traders, Virtual Asset Services Act Listed as Priority Legislation

The Legislative Yuan's Finance Committee discussed a draft Virtual Asset Service Law, focusing on the regulation of offshore virtual currency exchanges. Financial Supervisory Commission (FSC) Chairman Peng Chin-lung stated that the draft requires offshore virtual asset service providers to establish branch companies or branch offices in Taiwan and can no longer enjoy exemption from liability. Taiwan has only 8 legally compliant virtual asset service providers, yet 30 offshore exchanges operate without supervision, creating risks for investors. The specialized law will establish regulations addressing core issues including business supervision, fraud and theft prevention, and risk disclosure.
ChainNewsAbmedia·03-23 07:25

Legislator Asks "Who Is Responsible If Financial Institutions Raise Lobsters?" FSC: AI Agents Will Be Included in Supervision

Legislator Lai Shih-pao questioned the Financial Supervisory Commission (FSC) in the Legislative Yuan regarding liability issues surrounding AI proxy tool OpenClaw. If financial institutions make errors in AI automated trading, how should responsibility be determined? FSC Chairman Peng Chin-lung stated that if it affects operational safety, it will be included in regulatory oversight. The FSC will develop guidelines for AI technology in the future, but careful research is required. Lai Shih-pao also mentioned that China has already released similar safety manuals, calling on the FSC to similarly require financial institutions to provide safe operation instructions.
動區BlockTempo·03-20 10:25