Taiwan is quietly becoming one of Asia’s most forward-thinking crypto markets, with new self-regulatory rules, clearer guidance from the FSC, and a fast-growing ecosystem of local trading platforms.
00:00Okay, let's talk about the best cryptocurrency exchanges in Taiwan, which has quietly become one of Asia's most stable, transparent crypto markets.
00:08While not aggressively pro-crypto as Hong Kong, it has taken measures and pro-regulation approach, focusing on consumer protections, exchange registrations, self-regulatory frameworks.
00:19I think the Financial Supervisory Commission is overseeing Taiwan's digital asset activities and major local exchanges like MyCoin and BetoPro have become household names among retail traders.
00:33So with bank support, local language accessibility, fiat on and off ramps, I think Taiwan's crypto ecosystem is definitely maturing fast and increasingly aligning with the global standards like MICA, preserving regional independence.
00:46So let's talk about the regulatory snapshot of what's going on there.
00:50The Financial Supervisory Commission, like I said, is a key authority.
00:54They are governing AML and KYC compliance on all platforms, self-regulatory frameworks under the Taiwan Virtual Assets Service Provider Association and the TVASPs.
01:04And of course, the exchanges must register with the FSC and, you know, make sure the AML compliance, stable ones and derivatives remain under review for stricter rules in retail crypto.
01:16Use is legal, but exchanges face compliance oversight, right?
01:19So it's legal to hold and trade crypto in Taiwan, which is great.
01:22When it comes to taxation, crypto profits are treated as miscellaneous income and tax progressively up to 40% depending on the total annual income.
01:30No VAT is applied to crypto transactions and no corporate entities engaged in trading definitely must report under the business income tax rules, right?
01:38And Taiwan's tax authority as well as continuing to redefine, refine guidance for staking, NFTs and token income.
01:46So let's look at some of the top platforms in Taiwan, top regulated platforms, right?
01:51We'll start with those.
01:52So MyCoin, founded in 2014, so it's been around for a while, registered VASP under the FSC, Best for Traders, Retail and TW on and off rents, right?
02:02That's the Fiat currency, the longest running exchange in Taiwan, supporting BTCE, the USDT, several stable coins, integrated MyPay, MyPay, e-wallet right for those TWD transfers for AML KYC as well.
02:20Support trading fees, 0.1 on the makers, 0.2 on the taker, deposits free, excellent support as well.
02:27Limited ARCOIN selection though, but BTEL Pro is also another platform they founded in 2018, also a registered exchange, ARCOIN access staking options as well, supporting over 60 cryptos.
02:38BitPro card for spending, crypto directly, staking also available, best for local users.
02:43And if you're somebody who wants to maybe access global platforms that are available to Taiwan residents, you've got Coinbase, Global Brand, you've got OKEx, partially restricted, sport trading, accessible by derivatives, maybe geo-blocked.
02:58Kraken accessible, micro-regulated English interfaces as well, Binance, limited features, P2P access with KYC restrictions.
03:05But if you want to dive into the no KYC options, right, where you can get deep liquidity, unrestricted, global access, high leverage as well.
03:13You can use platforms such as K6 that are tried and tested with deep liquidity, a pro interface, 200X leverage.
03:20K6 is a great platform.
03:21Check out the link down below to our ecosystems tab, which really curates all of the best platforms, platforms that I've reviewed, platforms that we like to use, right?
03:29BitUnix, an AI-driven derivatives platform, 100X also, MEXC, 1,800 cryptos, zero maker, fees, BTCC, legacy exchange established all the way in 2011.
03:42Femix, a hybrid six exchange with N products as well.
03:48You've got Blowfiend, you've got XT, you've got DeskExchange, you've got one of my favorite decentralized perpetual trading platforms for synthetics, which is G-Trade Games Network.
03:58You can also check out the links in the description.
04:01I think these are some of the best platforms you can use securely and really with no restrictions.
04:06So you can try those alternatives.
04:09And when we come to the fiat rails, right, obviously, banking integration, you've got deposits, withdrawals, cards, all of these are enabled in Taiwan for the most part.
04:21Trading tools, if you're somebody who's really interested in trading, if you want to do cross-chain trading, use DeerBridge.
04:26If you want to do charts and all that, you can use TradingView3Commerce for bots, CoinEG for portfolio tracking and all that.
04:33So make sure you check out the links in the description.
04:35If you want to learn more about DeFi, go to Decentralized.News or go to DeFi-Millionaire.com.
04:40Download my free book, DeFi Millionaire, and learn about trading on DEXs, liquidity mining, staking, and all things really yield, non-custodial, you know, being your own bank.
04:54You can check out that book if you want to learn about the distributed use cases of distributed ledges, like, you know, across multiple industries, whether it's supply chain, anything like that.
05:04You can go to my book, Blockchain Applied.
05:06It's also available all over the internet.
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