Leading Telecom Company Taiwan Mobile Gets Crypto Exchange License

Highlights

Leading telecom company Taiwan Mobile receives crypto exchange license.
Taiwan Mobile has become the 26th VASP operator in Taiwan.
Taiwan recently established the Taiwan Virtual Asset Service Provider Association.

Taiwan Mobile, the second largest telecom operator in Taiwan, has become the 26th virtual asset service provider (VASP) in the country. The move positions Taiwan Mobile to potentially launch its cryptocurrency exchange, a massive step ahead for the integration of digital assets within mainstream services.

Taiwan Mobile Enters Crypto Exchange Space

431.90 billion TWD-valued telecom company Taiwan Mobile has become the 26th VASP operator in Taiwan, according to the latest details on the Financial Supervisory Commission website on July 5.

As per local media, Taiwan Mobile submitted an application with the agency with Zhichen Lin, general manager of Taiwan Mobile, as the person in charge. The move has positioned the company to become a member of the VASP Association. Also, it signals a massive step forward in the integration of digital assets within mainstream services.

“We also look forward to the future, where the combination of Taiwan Mobile and exchanges will bring about different cryptocurrency application scenarios.”

There have been reports of Taiwan Mobile exploring opportunities for collaboration with local crypto platforms, including investing in a crypto business. With the latest move, the company may open a crypto exchange in the country as demand surges.

Also Read: Over 18000 Bitcoin Options to Expire, Real Panic Selloff Isn’t Even Here Yet

Crypto Resurgence in the Country

In June, Taiwan established the Taiwan Virtual Asset Service Provider Association to regulate its cryptocurrency sector, aiming to enhance oversight, combat fraud, and ensure AML compliance. It will develop guidelines for classifying and managing virtual asset service providers.

Meanwhile, Taiwan’s Financial Supervisory Commission (FSC) intends to submit a revised draft of digital asset rules in September. The regulator has been monitoring Bitcoin ETFs throughout to assess public demand and readiness. The FSC could greenlight Taiwanese investors to resume buying overseas Bitcoin ETFs, reflecting an openness to crypto innovations within proper regulatory guardrails.

Also Read: Labour Party Wins UK Election, What It Means For Crypto?

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.