Far Eastern International Bank releases Taiwan's first virtual asset white paper

        Far Eastern International Bank Bankee, a community bank, attended the 2024 Asia Blockchain Summit (ABS) on August 7th. Following the release of the "2023 Virtual Asset Survey Report" last year, it has released Taiwan's first "2024 Virtual Asset White Paper" this year. Through comprehensive industry and regulatory analysis, quantitative survey results, and expert interviews, the bank analyzes the development trends of virtual assets and the needs of investors, and proposes directions for Taiwan to build and improve its virtual asset ecosystem. It is worth mentioning that Far Eastern International Bank is the only bank in Taiwan invited to attend the conference and held a seminar on "Crypto Taiwan: We camera, We BUIDL" to exchange ideas with virtual asset experts from around the world.

        Vice President Dai Songzhi of the Digital Finance Business Group stated that Taiwan has favorable conditions for developing virtual assets, but requires a professional bank to assist in risk management and compliance with laws and regulations, promote positive development, and enhance the trust of investors and various sectors, promoting Taiwan's move towards a WEB3.0 asset management center. As the most powerful partner of virtual asset exchanges, Far Eastern International Bank Bankee community bank has a responsibility to shoulder important roles. Through the white paper and expert recommendations, it is expected to build Taiwan into a crypto friendly island in the world.

        Based on the most mature and robust risk management expertise in the banking industry, Far Eastern International Bank Bankee Community Bank has partnered with Virtual Asset Service Providers (VASP) to develop a money laundering and fraud prevention mechanism, bringing safety and trust to investors. Vice President Dai Songzhi pointed out that in terms of regulatory supervision, the government's adoption of a negative list approach can encourage banks to try innovative businesses and open up diverse development space for Web 3.0, such as utilizing the advantages of banks in risk management and asset custody to provide safer and more reliable virtual asset custody services. Far Eastern International Bank Bankee is a pioneer in virtual asset related businesses, which has been expanding its presence for many years. Faced with an increasingly promising future, it hopes to spark more sparks and work together with various sectors to promote the healthy development of the industry.

        Welcome to download and read the complete '2024 Virtual Asset White Paper': https://bankee.pse.is/69j88q

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