GBBC

BitoGroup
2026-08-28 08:05:52

BitoPro tops CRIF trust and usage rankings in Taiwan, while points-to-crypto service makes GBBC handbook

BitoPro, the exchange operated by Taiwan-based BitoGroup, ranked first in both "most used" and "most trusted" among B2C users in CRIF’s latest survey on the future of Taiwan’s virtual asset industry and its regulatory framework. In the B2B segment, the company ranked first in "most trusted" and second in "most used." The company also said its "points-to-crypto" service, launched with FamilyMart, was selected as the No. 50 case in the Global Blockchain Business Council’s 2026 edition of the "101 Real-World Blockchain Use Cases Handbook." According to the release, BitoGroup has been expanding enterprise-facing services under the Bito.Enterprise brand, including stablecoin settlement, points-to-crypto conversion and a cryptocurrency payment gateway. Its stablecoin settlement service, Bito.ONE, has already entered pilot and trial programs with four financial institutions and 10 enterprises. The article is based on a press release provided by BitoGroup and published by BlockTempo.

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BitoPro tops CRIF trust and usage rankings in Taiwan, while points-to-crypto service makes GBBC handbook
VASP
2026-08-04 12:08:34

Tsai Yu-ling says VASPs will be treated as financial institutions under Taiwan’s licensing regime

At a media briefing for Taipei’s "Trendy Taipei 2026" tech event on Aug. 4, Asian FinTech Alliance (AFA) chair and honorary chair of the Taiwan FinTech Association Tsai Yu-ling said she had specifically checked with Taiwan’s Financial Supervisory Commission and was told that virtual asset service providers, or VASPs, will be classified as "financial institutions" under the new licensing framework rather than "quasi-financial institutions." Tsai said the change reflects how crypto assets, which were not legally defined assets last year, have now become legal and compliant assets after the passage of the dedicated law, and can be regarded as financial assets with FSC approval. She also pointed to the next issue for the market: how traditional financial institutions will work with VASP operators now that the law allows financial institutions to run such business lines concurrently. The event also outlined the first AFA Awards, which drew 88 nominations from 16 economies. Nine international judges are set to travel to Taipei for the Sept. 1 final and awards ceremony, where the Top 10 companies will pitch live and winners will be selected on site. FinTechOn 2026 and the second AFA Summit will follow on Sept. 2-3, with speakers including GBBC CEO Sandra Ro, Peter Kerstens, an Abu Dhabi regulator representative, and a JPMorgan managing director overseeing Asia-Pacific product for securities services.

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Tsai Yu-ling says VASPs will be treated as financial institutions under Taiwan’s licensing regime