TBW2025》Exchange Operators Forum! When will Taiwan open Futures Trading and stablecoin payments? The government cannot sit idly by and must take action.

Taipei Blockchain Week (TBW 2025) symposium “Exchange Observation: Challenges and Breakthroughs for Taiwanese Players” analyzes the regulatory problems encountered by stablecoins, RWAs and exchanges in the global situation, and more importantly, where do exchanges want to go next? (Summary: TBW2025 Google, AMD certification “AI+Web3” is too important: chip computing requires blockchain to upgrade trust) (Background supplement: Is stablecoin payment “necessary” or “decoration” in Taiwan at the 10th Annual Conference of Blockchain Enthusiasts? The listing of Bitcoin spot ETFs, the Trump administration's crypto-friendly stance, and the tokenization of stablecoins and physical assets (RWA) are impacting Taiwan, an Asia-Pacific financial hub. Exchange leaders sat down in this panel to unveil the industry of innovation and compliance. Moderator Jigglypuff, content director at BlockTempo, starts by asking the question: What are the international crypto trends that exchanges are particularly concerned about? What are the opportunities that are particularly important for Taiwan? When will crypto payments open? DeFi doesn't matter? How to identify the token type? Jamie Lin, chairman of TWEX and general manager of Taiwan Columbia, first pointed out that in the face of the international opening of the financial door to crypto, “the first is stablecoins, stablecoins of various countries will play an important role in the transactions of all users, whether it is exchanges, banks or DeFi projects, how to follow the trend of stablecoins, to use stablecoins to make their services better, is a very important topic in the next half a year to a year.” Jamie Lin also mentioned how to cut serious regulatory knives? “Taiwan's VASP will next enter the registration system, then the special law will pass, what business will be next, will allow us VASP and different DeFi projects, how will different types of tokens be governed?” The whole world is watching to see what the United States does." Hoyabit's VP, Kimchi Lin, focused on the wind brought by the FIT 21 Act (21st Century Financial Innovation and Technology Act), which is actually very beneficial to Taiwan, “Taiwan's great opportunity is that exchanges and banks are connected, and there may be more compliance bridges between NTD and stablecoins to build in the future.” Second, he said that bitcoin is a high-quality asset that can be cultivated for Taiwanese investors' saving habits, and exchanges combined with compliance systems can develop characteristic businesses with transparent savings. Third, Kimchi Lin points out that RWA, as a vehicle for bonds and funds in Taiwan's complete financial market, is actually easy to make contact with ordinary investors under supporting practices. Yvonne Chen, VP of BitoPro Group, focused on the future of the exchange's entities in terms of payment and asset recognition, she talked about “can stablecoins and bitcoin be friendly to become recognized assets of listed companies?” Exchanges are the best helpers to become compliant institutions. Secondly, in the international FinTech trend, the use of stablecoins for payment is a very good case. We hope that the exchange can have an open and transparent dialogue with the Taiwan government, so that we can allow exchanges to enter the formal virtual currency payment in Taiwan under compliance and fraud prevention." Huxuan, a representative of offshore international exchange Ourbit, said that he is more concerned about stock tokenization, Taiwanese are very keen to invest in stocks, but Taiwan's stock tokenization is not mentioned, RWA stocks have a great opportunity to cause a widespread boom. Local players' most hurtful “regulatory costs” Behind the regulatory stage, industry players are grieving about the cost of compliance. Moderator Jigglypuff pointed out that the cost of VASP participating in the money laundering prevention statement is often five times that estimated by the industry, and it is unimaginable for new players to catch up with the bank hierarchy compliance standard. Jamie Lin recalls that Taiwan's VASP was originally under the jurisdiction of the FSC's Banking Bureau, but during the transfer of TWEX from the Banking Bureau to the Securities and Securities Regulatory Bureau, the anti-money laundering statement alone was extended to three years, “In the past three years, TWEX General Manager Luke Han has spent on applying with the FSC. The dialogue between the official and the private sector is never easy, and Jamie said that the group's chairman, Cai Mingzhong, had warned him whether he was sure to go to the FSC. It is already troublesome for the telecommunications industry to give NCC pipes, and it will only be more troublesome to go to the FSC. However, Jamie changed his words, pointing out that VASP and the competent authority always find it difficult to communicate, but the competent authority will also find it difficult to communicate with the private sector, because the two have different habitual thinking, and after several years of running-in, mutual habituation can push the industry forward, “I think the Securities and Futures Bureau is very serious about making VASP and the cryptocurrency industry develop well.” Hoya's Kimchi Lin believes that compliance costs are painful, and the education of the public is a double cost, because when the compliance system is gradually taking shape, “many details need to be explored by the industry itself, and we have to make up for it.” For example, Hoya can directly connect to the trading entrance of the exchange through the cooperation of Yahoo stock market and Juheng.com; It also cooperates with Tianxia Magazine's column area, can understand cryptocurrencies from familiar investment reading platforms, and directly connect to trading scenarios, which is the implementation of education that exchanges can strive to achieve. Bank fraud prevention, freeze VASP serial accounts? BitoPro's Yvonne can't help but feel helpless about the increasingly powerful anti-fraud measures in recent years, because the bank is under the banking bureau, VASP is in the securities and futures bureau, VASP for the fraud standard investment AI mechanism cost not to mention, but because some banks due to fraud, closed the accounts of many users using crypto exchanges, which encountered very strong obstacles. “I very much hope that the FSC will allow banks and exchanges to do a good communication, which is also part of what VASP Association has been working on.” Finishing: What business opening is VASP in Taiwan looking forward to? TWEX Jamie: In the staking business, the assets placed in VASP cannot be pledged, and the value to the user is reduced. There should be a reasonable source of income. BitoPro Yvonne: Crypto derivatives, the industry only uses spot to make money really hard, and also hopes to cooperate with banks to make payments. In particular, the stablecoin cooperation part is very much expected to get the support of the Taiwan government. Hoya Kimchi: more capital strategies for sustainable ESG components, carbon trading; More risk control monitoring to protect investors. Related Stories WebX Exclusive Interview with Gate Exchange CEO Dr. Han: In the 12-year long-distance running of the crypto industry, the secret of growth has changed from technical people to managers OSL HK launched BNB, becoming the first exchange in Hong Kong to support BNB, opening 3 groups of trading pairs for professional investors “TBW2025” Exchange Industry Forum! When will Taiwan open contract trading and stablecoin payment? The government can't sit idly by and do things” This article was first published in BlockTempo's “Dynamic Trend - The Most Influential Blockchain News Media”.