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Taiwan to Regulate ICOs FSC Chairman Wellington Koo. The chairman of Taiwan’s Financial Supervisory Commission (FSC), Wellington Koo, has reportedly confirmed that the commission is drafting national standards for initial coin offerings (ICOs). The FSC aims”to create virtual tokens as simple to invest in as shares and just as liquid,” the Taipei Times reported on Oct. 23. At a finance committee meeting, Chinese Nationalist Party (KMT) legislator William Tseng requested Koo whether the government would govern ICOs. Tseng pointed out that 127 ICO whitepapers were discovered last year to be fake, the publication described, adding that 80 whitepapers were shown to be incorrect as of April. The legislator quoted findings from […]

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