ChainCatcher news, Taiwan is becoming a benchmark for cryptocurrency regulation in the Asia-Pacific region. The Financial Supervisory Commission (FSC) of Taiwan has released a draft of new regulations requiring all Virtual Asset Service Providers (VASP) to complete registration by the end of September. This policy marks Taiwan's transition from "self-regulatory supervision" to "rule-based supervision," aligning with frameworks in the EU, Japan, and other regions.In this context, JuCoin, as a service-oriented cryptocurrency exchange, is the first to initiate the compliance process in the Taiwanese market: officially applying for a regulatory license, building a KYC system, and committing to invest 200 million TWD to empower the Taiwanese community.JuCoin announced that if the number of Taiwanese users exceeds 100,000, it will invest 200 million TWD to launch the "Taiwan Web3 Accelerator" program, which includes four main components: developer support fund, inclusive education program, node co-construction incentives, and cultural IP incubation.Since its inception in 2013, JuCoin has always adhered to its original intention of "Driven. Focused. Successful." "The Taiwanese community is not only users but also ecosystem builders," emphasized JuCoin's global strategic partner. "The 200 million TWD is just the starting point; in the future, we will bring in group resources to create a Taiwanese version of 'Web3 Silicon Valley.'"

ChainCatcher news reports that on-chain detective ZachXBT revealed that during his assistance in freezing Bybit hacker funds, he became acutely aware of the serious issues regarding security vulnerabilities and hacker attacks in the crypto industry. He stated that multiple "decentralized" protocols have recently derived almost 100% of their monthly trading volume and fees from the North Korean hacker group DPRK, yet these projects refuse to take any responsibility.Moreover, centralized exchanges (CEX) are slow to respond, allowing hackers to launder money in just a few minutes, while some CEXs take hours to take action. ZachXBT also criticized the KYT (Know Your Transaction) system for its serious flaws, which are easy to circumvent, and noted that the KYC (Know Your Customer) mechanism poses more of a data leak risk for ordinary users due to account leaks and insider issues, while being nearly ineffective in preventing the flow of illegal funds.He pointed out that North Korean hackers DPRK recently successfully laundered $1.4 billion, fully exposing the compliance and security system vulnerabilities within the industry, and expressed concern that only government-mandated regulations could lead to improvements in the industry.

ChainCatcher news, licensed virtual asset exchange HashKey Global has recently announced a partnership with global travel rule solution provider VerifyVASP. The two parties will deploy a comprehensive Travel Rule compliance solution within HashKey's global licensed exchange network. This move aims to respond to the accelerated enforcement requirements of the Financial Action Task Force (FATF) travel rules by regulatory authorities worldwide, addressing the evolving anti-money laundering (AML) challenges in the virtual asset trading sector.According to the agreement, both parties will enhance the compliance transmission capability of transaction data across jurisdictions through technological integration and standardized processes, ensuring that customer identity information complies with international regulatory frameworks during virtual asset transfers. HashKey Global has previously joined the Global Travel Rule Alliance (GTR Alliance) and plans to further strengthen its compliance infrastructure through this partnership. Industry analysts point out that as global virtual asset regulation tightens, such collaborations will be key for exchanges to enhance their international competitiveness. HashKey Global's compliance layout not only covers the Asian market but also promotes the unification of industry standards through its global licensed network.

ChainCatcher news, the cryptocurrency payment company Alchemy Pay announced that it has obtained certification from the Swiss Financial Services Standards Association (VQF), becoming a member of its recognized self-regulatory organization (SRO). This certification allows Alchemy Pay to offer compliant fiat and cryptocurrency exchange services in the Swiss market, as well as promote stablecoin cryptocurrency payments.

ChainCatcher news, according to official sources, on-chain compliance solution provider Forte has acquired the cryptocurrency trust platform Sealance Corp. Through this acquisition, Web3 developers can utilize the ZK strategy engine and Forte's rule engine for compliant KYC verification, and manage on-chain identities across real-world assets (RWA), stablecoins, DeFi, and institutional use cases, while managing privacy through Sealance's ZK technology.It is reported that Sealance Corp is the creator of the first zero-knowledge (ZK) strategy engine, aimed at facilitating regulatory compliance in decentralized blockchains.

ChainCatcher news, HashKey Group's Chief Risk and Compliance Officer, Ru Haiyang, pointed out in an exclusive interview with Phoenix TV's "Asia Finance Perspective" that the Consensus conference and the recent series of Web3 events landing in Hong Kong are just the beginning. The choice of Hong Kong is based on common considerations—Hong Kong not only has a compliant and transparent regulatory environment but also possesses a rich market customer base and a partner ecosystem.In response to the virtual asset development roadmap released by the Hong Kong Securities and Futures Commission that day, Ru Haiyang analyzed that the 5 pillars and 12 initiatives of "A-S-P-I-Re" plan to anchor the direction for the development of the virtual asset industry in Hong Kong over the next three years. This includes opening staking services, attracting global liquidity, exploring derivatives trading and financing lending, adjusting the ratio of hot and cold wallets and insurance, and cross-departmental and cross-regulatory collaboration in innovative fields. Ru Haiyang stated that many contents in this roadmap stem from industry voices and feedback, and it is expected that at least three major initiatives will make substantial progress this year.

ChainCatcher news, Bybit co-founder and CEO Ben Zhou posted on X platform stating that considering the potential compliance issues related to PI, the platform will not launch PI coin trading and can only "keep a respectful distance" from PI.

ChainCatcher news, according to Cointelegraph, Avalon Labs is actively exploring the application to the U.S. Securities and Exchange Commission (SEC) for the industry's first Bitcoin collateralized debt obligation (CDO) listed fund, aiming to promote the compliance and popularization of Bitcoin financial products. Avalon Labs stated that this initiative is expected to lower the barriers for Bitcoin financial products to enter the mass market, providing a new pathway for the crypto industry to move towards the mainstream financial system.The co-founder of Avalon Labs successfully issued a dollar-denominated CDO listed fund approved by the SEC in 2021 and has since researched the feasibility of crypto companies issuing listed funds for several years. Avalon Labs indicated that it plans to collaborate with top U.S. law firms to assess the compliance framework for the fund and prepare the relevant application materials. If everything goes smoothly, the fund is expected to become an important milestone for Bitcoin financial products entering the traditional capital market, further promoting the development of crypto assets within a compliant framework.