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Taiwanese Financial Regulator To Propose Law That Would Enable Banks To Issue Stablecoins: Report

The independent government agency regulating Taiwan’s financial markets will reportedly propose a special law that will allow banks to issue stablecoins. The United Daily News reports that Taiwan’s Financial Supervisory Commission (FSC) plans to submit the draft legislation on virtual asset service providers (VASPs) in June. The bill includes a provision that will give banks the authority to issue stablecoins—crypto assets designed to maintain a stable value by being pegged to a commodity or currency, or regulated by an algorithm. Bank director Zhuang Yuyuan says the stablecoins circulating in the market, including the dollar-pegged USDC and Tether ( USDT ), are not approved by the authorities. The situation is anticipated to change once the law takes effect as the FSC will have to greenlight all stablecoins issued in Taiwan, along with their issuer and reserve allocations. FSC Chairman Peng Jinlong says banks will jointly manage the stablecoins with the central bank. The FSC is also set to run a trial of crypto custody services with local banks in the first quarter of 2025. Last year, the regulator mandated all crypto-based companies to register by September or face harsh penalties. The agency now allows professional traders to invest in foreign crypto exchange-traded funds (ETFs). Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Taiwanese Financial Regulator To Propose Law That Would Enable Banks To Issue Stablecoins: Report appeared first on The Daily Hodl . CryptoCompare

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WallitIQ (WLTQ) Surges Past 50% Presale Completion – Why Analysts Predict A 35,000% ROI By 2025

The post WallitIQ (WLTQ) Surges Past 50% Presale Completion – Why Analysts Predict A 35,000% ROI By 2025 appeared first on Coinpedia Fintech News WallitIQ (WLTQ) has emerged as a standout revolutionary altcoin in the DeFi space, making huge strides in its presale phase. With over half its presale tokens already sold, crypto analysts forecast a potential 35,000% ROI by 2025. The presale low-entry price of $0.0420 is a discounted price that presents huge returns potential for early investors. With the platform’s mission to onboard the next billion users, investing in its presale now could be your best investment decision as analysts project 35,000% ROI in 2025. Why Analysts Predict 35,000% ROI for WallitIQ (WLTQ) in 2025 as Its Presale Reaches 50% Milestone Analysts predict a 35,000% ROI for WallitIQ (WLTQ) in 2025 as its presale climbs the 50% milestone. The platform is set to revolutionize crypto and DeFi wallets by merging artificial intelligence (AI) , machine learning (ML) , and blockchain technology to provide improved security, scalability, and user-friendly functionality to DeFi wallets. As the crypto DeFi space expands, the platform’s Escrow Connect feature will continue to attract investors to its presale. This feature certifies secure peer-to-peer transactions by allowing the release of funds or assets only when agreed obligations by trading parties are met. The feature also keeps users’ accounts safe from hackers especially when connecting to external decentralized applications (dApps) WallitIQ’s (WLTQ) presale success in reaching the 50% milestone buttresses strong demand for the token. Analysts have seen that the platform Physical 2 Digital (P2D) wallet feature contributes to its presale success. This innovative trading model bridges the gap between physical and digital assets and allows the trading of tokenized physical assets on the blockchain platform. The feature continues to attract traditional and decentralized finance investors to its presale. The platform’s strong security measures have impressed analysts. Solidproof has audited its smart contract making it safe for investments. The recent announcement by WallitIQ (WLTQ) of its minimum viable product (MVP) has excited analysts and investors alike. The MVP is designed to provide robust crypto wallet and transaction management. It simulates the management of crypto wallets for ETH and USDT. This feature also displays QR codes for wallet addresses to improve the receiving of payments. Invest Now in WallitIQ (WLTQ) as Analysts Predict 35,000% ROI by 2025 The WallitIQ (WLTQ) presale is gaining massive attention as analysts predict a 35,000% RO1 by 2025 for early investors. Taking advantage now as the presale surges past the 50% milestone is a smart investment move as it holds the potential for massive returns. The platform is redefining how crypto wallets and transactions work by making them safer, smarter, and more efficient has resonated well with investors rushing to its presale. Securing your WLTQ tokens now gives you access to an advanced wallet that will guide you through the complexities of crypto trading and help you trade profitably. With the crypto market expected to expand in the coming years, WallitIQ’s (WLTQ) early presale investment offers the chance to capitalize on its massive growth potential. The platform’s team is made up of seasoned professionals with a track record in the crypto and tech sectors. With a robust plan for continuous innovative DeFi solutions, WallitIQ (WLTQ) has all the components for success in the DeFi wallet industry. Investing in its presale position you reap rewards with its growth trajectory. Analysts have predicted that WallitIQ (WLTQ) will lead the next crypto bull run with massive rally potential. Investing now in its presale by buying the WLTQ tokens positions you for massive gains in the bull run. Conclusion WallitIQ (WLTQ) surges past 50% presale completion as analysts predict a 35,000% ROI for early investors by 2025. The platform combines artificial intelligence (AI) and machine learning (ML) to redefine crypto DeFi wallets by making them safer, smarter, and more efficient for the next one billion users. Investing now in its presale by securing your WLTQ tokens with just $0.0420 will position you for potentially massive gains as the platform gains market traction with widespread adoption. Join the WallitIQ (WLTQ) presale and community: Join WallitIQ (WLTQ) Community | WallitIQ (WLTQ) Presale CryptoCompare