BitstreetX added to Taiwan VASP registry, bringing total to 11
Taiwan’s Securities and Futures Bureau updated its list of registered virtual asset service providers on Sept. 29, adding Sanchuan Token Co., Ltd., which operates under the BitstreetX brand. The company completed its anti-money laundering registration on Sept. 24, lifting the total number of registered VASPs from 10 to 11. According to the regulator’s published list, BitstreetX is approved for all four business categories: virtual asset exchange, trading platform, transfer, and custody. The company is led by Lai Chia-hsien, has paid-in capital of NT$111 million, and is registered at 12F., No. 143, Fuxing North Road, Songshan District, Taipei. United Daily News reported that after joining the VASP association, the firm plans to launch all four approved business lines. The same report said the company had been listed under the previous AML compliance declaration regime, was rejected in August last year after the system shifted to registration-based review, and then passed after resubmitting its application. The current registry shows that 8 of the 11 approved VASPs hold trading platform approval. CNA reported that all currently registered VASPs must apply for a formal license within 12 months after the Virtual Asset Service Act takes effect, while the 11 firms may continue operating during the transition period.








