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Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to invest in foreign virtual asset ETFs, like Bitcoin ETFs, through securities firms. The decision is to provide more investment choices, thereby stimulating the securities re-entrustment business in the country.
The FSC requires fund managers to ensure that their professional investors are very knowledgeable about investments in virtual assets. To ensure investor protection and transparent investing, securities firms are required to carry out proper due diligence and provide product disclosure and regular training on virtual assets.