Taiwan to Launch Bitcoin Custody Trial With Local Banks in 2025
In what is certainly a positive development for the country’s digital asset approach, Taiwan is set to launch Bitcoin custody trials through local banks in 2025. Indeed, the country’s Financial Supervisory Commission is planning the collection of applications for institutional interest. Moreover, these applications will seek to trial cryptocurrency custody services in Q1 of next year. Taiwan’s local regulators are poised to see a surge in institutional crypto adoption through the trials. Additionally, the project has reportedly already seen three private banks in the country express interest in taking part in the trials. Therefore, the pilot project is expecting to have a plethora of banks seeking to take part. Also Read: How to Buy Tether USDT in Taiwan? Taiwan Eyeing Bitcoin Custody Trials With Local Banks in Early 2025 In 2024, cryptocurrencies took a massive step forward. Indeed, the asset class saw a notable increase in its relevance in finance. With the US approa...