Taiwan’s Financial Supervisory Commission (FSC) has approved the first group of Virtual Asset Service Providers (VASPs) under its new registration system, which functions as a pre-approval license ahead of a full licensing regime. Out of dozens of applicants, only nine companies passed the review; the remaining operators who failed to obtain registration permits were required to suspend their businesses. KryptoGO, a Taiwan-based Web3 financial infrastructure provider backed by the National Development Fund, was among the first...