Taiwan has taken a significant step towards establishing a regulated cryptocurrency market by launching an industry association. This association comprises 24 cryptocurrency companies that have completed their anti-money laundering registration with the Financial Supervisory Commission. The formation of this association provides a platform for companies to collaborate, share knowledge and work towards common goals. This move demonstrates the government's commitment to ensuring the safe and legal operation of the cryptocurrency industry.

The establishment of the association is a crucial step in the development of the industry as it helps build trust and confidence among investors and the general public. The completion of anti-money laundering registration by all member companies highlights their commitment to regulatory compliance. This move is significant in the global cryptocurrency landscape as it demonstrates Taiwan's proactive approach to embracing new technology and addressing its risks and challenges.

The association aims to promote and facilitate fair regulations that help grow the blockchain finance industry globally. The member companies will work together with the government and law enforcement agencies to combat fraud and other criminal activities. They will also contribute their expertise to establish an industrial joint defense platform and design international transfer rules that meet Taiwan's needs.

The formation of the association is expected to bring more cooperation and consensus to the industry, promote compliance and standardization, and ensure the safety and stability of the industry. This move is expected to enhance consumer protection and provide a solid path for the industry's growth. The establishment of the cryptocurrency industry association in Taiwan sets a precedent for other countries to follow and demonstrates the country's commitment to innovation and growth.

The launch of the association is a significant milestone in Taiwan's efforts to regulate the cryptocurrency industry. It provides a platform for companies to work together and with the government to ensure the safe and legal operation of the industry. This move is expected to promote growth and innovation in the industry while addressing its risks and challenges.