<ul><li>Taiwan's financial regulator, the Financial Supervisory Commission (FSC), has announced that it will allow banks to offer crypto custody services.</li><li>This move aims to enhance security and reliability for cryptocurrency-related operations in the country.</li><li>The FSC plans to establish strict security standards to ward off cyberattacks and fraud against digital assets.</li><li>The regulator will start receiving applications from financial institutions for the pilot program in the first quarter of 2025.</li></ul>

Taiwan to Allow Banks to Offer Crypto Custody Services

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