The Financial Supervisory Commission of Taiwan made a significant announcement on September 30, as reported by COINOTAG. According to this official news, professional investors are now permitted to invest in overseas virtual asset ETFs via brokerage re-entrustment, enhancing their investment portfolio diversification. Compliance with regulations is mandatory, wherein only qualified professional investors, such as high-net-worth investment legal entities, professional institutional investors, and high-asset clients, can engage in these investments. Brokerages have been directed to implement a robust customer suitability assessment framework and mandate non-professional institutional investors to acknowledge the risk via a signed notice prior to their initial purchase. Additionally, the Commission insists that brokerages supply comprehensive product information to investors and enhance the training of business personnel. This regulatory move aims to ensure investor protection while broadening investment opportunities in the rapidly evolving digital asset market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024