Delegation

Taiwan, China opens up professional investors to invest in foreign virtual asset ETFs through sub-delegation

ChainCatcher News, Taiwan's "Financial Supervisory Commission" announced the opening of foreign virtual asset ETFs for professional investors through a discretionary investment method. Qualified professional investors include: professional institutional investors, high-net-worth institutional investors, high-asset clients, legal entities or funds that qualify as professional investors, and natural persons who qualify as professional investors.To ensure that investors have sufficient investment experience and knowledge, securities firms must establish a comprehensive suitability assessment system when providing virtual asset ETF services, which must be reviewed and approved by the board of directors. Before a client purchases a virtual asset ETF for the first time, the securities firm must assess whether the client has relevant investment experience and professional knowledge to ensure the suitability of the client's investment risk.In addition to professional institutional investors, other investors must sign a risk disclosure statement before their first purchase of a virtual asset ETF. Securities firms must provide relevant product information to investors before accepting their first purchase of a virtual asset ETF to assist investors in fully understanding the characteristics and related risks of the virtual asset ETF they are investing in.

Moonchain ($MXC), as a representative enterprise of the economic and trade delegation, followed Mayor of Berlin Kai Wegner to visit Tokyo, discussing DePIN technology cooperation with companies such as Mitsubishi and Fujitsu

ChainCatcher news, Moonchain, as a representative of the trade delegation, followed Berlin Mayor Kai Wegner to visit Tokyo and had productive exchanges with companies such as Mitsubishi and Fujitsu. Moonchain reached a consensus with Mitsubishi on how their yen stablecoin and DePIN Chain can collaborate.During this visit, Moonchain showcased its leadership in the DePIN technology field. Mayor Wegner invited Mitsubishi to participate in the "AsiaBerlin Summit" to be held in Berlin on November 25. Additionally, Moonchain discussed potential cooperation opportunities in public service digitization and AI applications with Fujitsu, further strengthening ties with Japanese tech giants.These preliminary discussions are hopeful steps towards integrating cutting-edge blockchain technology into the operational frameworks of Mitsubishi and Fujitsu, which will significantly contribute to technological advancements in Berlin and Tokyo. Moonchain is expected to apply its largest DePIN L3 native blockchain technology to the Japanese market.The Moonchain team was established in 2017, based in Berlin, Germany, and is dedicated to building the largest DePin and L3 native chain. According to official tweets, its native token $MXC remains the only token on the Moonchain network.
ChainCatcher Building the Web3 world with innovators