The virtual asset zone makes its debut at the Golden Investment Expo, where legitimate operators teach the public safe investment practices.

Taiwan's legal virtual asset operators make their first “joint appearance”! The Republic of China Virtual Currency Business Association (abbreviated as “Virtual Currency Association”) has gathered multiple operators that have completed the Financial Supervisory Commission's anti-money laundering registration to establish the first “Virtual Asset Zone” (VASP Zone) at the Taipei International Financial Expo, leading the public to understand virtual assets, learn about compliant platforms and safe investments, and unveil a new chapter of compliance.

Frequent virtual asset scams make regulation and education key.

Virtual assets are gradually being integrated into the mainstream financial system by large institutions and governments. However, fraud cases continue to emerge, and unscrupulous operators often disguise investment platforms with a “legal facade,” leading to financial losses for the public. The “Virtual Asset Zone” not only showcases the progress of industry regulation but also gathers legal operators in Taiwan to explain to the public “how to identify legal exchanges” and “how to prevent fraud and invest safely,” hoping to change society's stereotype of virtual assets. The Financial Supervisory Commission approved nine operators for anti-money laundering registration on September 22 this year: HOYA BIT, ZONE Wallet, KryptoGO, MaiCoin/MAX, Taiwan's large virtual asset exchange, ATRIX, BitoPro, HzBit, and XREX.

The Virtual Currency Association is tasked with industry coordination and joint defense against fraud.

Cai Yuling, the chief advisor of the Virtual Currency Association, stated that businesses have explored from the early stages, overcoming challenges and gradually laying the foundation for Taiwan's virtual asset market. She affirmed the efforts of businesses in Compliance and innovation over the years, and pointed out that the association plays an indispensable bridging role in building consensus and assisting regulatory authorities in effective supervision.

The chairman of the Virtual Currency Guild, Zheng Guangtai, stated that the “Virtual Asset Special Zone” not only marks the first collective appearance of industry operators but also symbolizes a new atmosphere of industry unity, collaboration, and Compliance. He pointed out that an important task for the guild in the future is to assist regulatory authorities in advancing the “Virtual Asset Service Act” and the 8 authorized subsidiary laws, as well as cooperating with the cross-agency information joint defense mechanism, joining the “Securities and Futures Anti-Fraud Consultation Hotline,” to create a more complete cross-domain anti-fraud reporting system, thereby enhancing the industry’s trust and security.

The virtual asset area is equipped with a virtual currency guild consultation desk and booths from several legitimate operators, providing investment safety, anti-fraud guidelines, and real-time consultations. The area also plans interactive activities where the public is invited to personally experience the unique services of various trading platforms, enhancing the public's correct understanding of virtual assets through easy participation.

This article marks the first appearance of the virtual asset zone at the Golden Investment Expo, where legal operators educate the public on safe investments, first appearing in Chain News ABMedia.