Taiwan Mobile announces its official entry into the cryptocurrency field, with its wholly-owned subsidiary Fusheng Digital set to launch the first trading platform in Taiwan supported by a large corporate group on May 22, which coincides with the global cryptocurrency community's commemorative day 'Bitcoin Pizza Day'. The goal is to create the most trusted local brand, focusing on strict risk control, safety, convenience, and ease of use, seizing opportunities in the Web3 era.
According to the official website, TWEX is currently open for invited users to experience, with registration limited to Taiwan Mobile users; on the other hand, in the initial stage, external transfers of virtual assets will not be allowed, nor will trading exchanges between virtual assets be provided, but related functions will be gradually opened in the future.
As for the supported cryptocurrencies, TWEX currently offers trading in Bitcoin (BTC) and Ethereum (ETH). The details of the transaction fees are as follows:
Buy cryptocurrency
Account balance purchase: A transaction fee of 1.2% of the purchase price will be charged.
Bank account transfer: A transaction fee of 1.5% of the purchase price will be charged.
Sell cryptocurrency
A transaction fee of 1% of the selling price will be charged.
Fusheng Digital stated that it has signed a New Taiwan Dollar trust contract with Fubon Bank to ensure that 'customer fiat assets' and 'company-owned fiat assets' are managed completely independently, maximizing the protection of customer fiat asset safety; on the other hand, to enhance the security level of virtual asset wallets, Fusheng Digital uses internationally recognized cybersecurity technology 'Hardware Security Module (HSM)' to provide the highest level of protection for customers' virtual assets.
Lin Zhi-chen, General Manager of Taiwan Mobile and Chairman of Fusheng Digital, and Han Kun-jui, General Manager of Fusheng Digital, will officially unveil the platform's full picture at the TWEX listing press conference on May 22. In addition to introducing the exchange platform's positioning and operating model, they will also share their observations and thoughts on the future of the virtual asset industry.
On that day, a forum co-hosted by Fusheng Digital and the Taiwan Fintech Association will be held, inviting Association Chairperson Fang Yan-ling, Honorary Chairperson Tsai Yu-ling, and several startup partners to focus on discussing three hot topics: 'Security Protection, Combatting Fraud, and Regulation of Stablecoins in Taiwan', planning the future of Taiwan's digital asset industry.
(Blockcast) previously reported that Fusheng Digital completed its 'Anti-Money Laundering Compliance Declaration' as early as July last year, becoming the 26th virtual asset platform operator in Taiwan.
"Telecom giant enters the cryptocurrency space! The Taiwan Virtual Asset Exchange (TWEX) will debut on May 22". This article was first published by (Blockcast).
