Taiwan's Financial Supervisory Commission (FSC) plans to trial crypto custody services through local banks in 2025.
Three private banks have expressed interest in piloting the service, which aims to integrate crypto into the mainstream and establish Taiwan as a major digital asset market.
The FSC sees regulated banks as a safe option for managing cryptocurrency, reducing the risks of hacking and fraud.
The launch allows Taiwanese banks to tap into the fast-growing market, expanding their customer base, but also requires upgrading technology and providing specialized training.