Taiwan Virtual Currency Association Officially Established BitoEX Founder Appointed as First Chairman Establishing SelfRegulation Rules as Top Priority Task

Taiwan Virtual Currency Association Officially Established BitoEX Founder Appointed as First Chairman Establishing SelfRegulation Rules as Top Priority Task

Taiwan Virtual Currency Association Officially Established BitoEX Founder Appointed as First Chairman Establishing SelfRegulation Rules as Top Priority Task

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Taiwan VASP Association officially established
Founder of BitTrust appointed as the first Chairman
The Taiwan Virtual Asset Platform and Trading Business Association (VASP) was officially established on June 13. The Virtual Currency Association is a “regulated” association established in accordance with the FSC’s “Guidelines for the Management of Virtual Asset Platforms and Trading Businesses (VASP)”, serving as the industry’s sole direct communication channel with the government.
The association stated in a press release that its primary task after establishment is to formulate a “Code of Conduct”, properly implement the classification and management of operators, build the upstream and downstream industry chain and ecosystem, while also meeting government expectations and protecting consumer rights.
Huang Xihe, Head of the Securities Brokerage Management Division of the FSC, stated during the conference:
In addition, Huang Xihe emphasized that the FSC will strengthen cooperation with the Virtual Currency Association in the future, work together to enhance customer rights protection, improve the industry’s reputation and image, and promote healthy industry development.
At the same time as the association was established, 24 founding members also completed the first session of director and supervisor elections through voting, officially launching operations.
The list of the first board of directors is as follows:
Board of Directors
Chairman: Zheng Guangtai | BitTrust Technology Co., Ltd. | Co-founder and CEO
Vice Chairman: Xiao Huizong | LinkTech Co., Ltd. | Co-founder and Group Revenue Director
Executive Director: Wu Dewei | CoinRay Co., Ltd. | Director
Director: Wang Shijie | Pioneer Digital Technology Co., Ltd. | CEO
Director: Li Dongyue | Xiahe Co., Ltd. | CEO
Director: Li Guorong | Coin Generation Technology Co., Ltd. | CEO
Director: Guo Changxun | Hongzhu Digital Co., Ltd. | General Manager
Director: Chen Jianming | Yilufa Co., Ltd. | Company Representative
Director: Huang Guansheng | Yin Tiannxia International Management Consulting Co., Ltd. | Company Principal
Director: Liu Shiwei | Modern Fortune Technology Co., Ltd. | Founder and CEO
Director: Su Jianying | Cross-Chain Technology Co., Ltd. | CEO
Director Candidate: Yang Shuhui | Taiwan Zhijing Co., Ltd. | Operations Director
Board of Supervisors
Executive Supervisor: Peng Yunxian | Heya Digital Technology Co., Ltd. | Co-founder and CEO
Observer: He Kuanyan | Yangjia Co., Ltd. | Operations Manager
Observer: Su Xiuping | Sangfeiste Co., Ltd. | Representative
Supervisor Candidate: Xie Mengzhe | Wo Heng Technology Co., Ltd. Taiwan Branch, British Virgin Islands | Chairman
In addition, Tsai Yuling, co-founder of Li Ci, was also invited to be the association’s chief consultant. At the conference, she expressed her hope that the association will become a good communication bridge with the regulatory authorities to address industry issues effectively. Tsai Yuling also reminded association members that they must become benchmarks within the industry, hold themselves to high standards, and lead the industry towards internationalization.
Zheng Guangtai, the first Chairman, also stated: