Taiwan authorities announced today the establishment of a cryptocurrency industry association

The Taiwan government announced today the establishment of a cryptocurrency industry association aimed at promoting self-regulation within the industry. The association will develop self-discipline rules and classify and manage virtual asset service providers. A total of 24 cryptocurrency companies have joined the association, with Titan Cheng, founder of BitoPro, serving as chairman and Winston Hsiao, co-founder of XREX, serving as vice chairman.