5-7 years of experience as a chief accountant... Taiwan's virtual asset regulation draft announced

Taiwan’s Financial Supervisory Commission has proposed draft rules requiring crypto-asset service providers’ general managers to hold at least five to seven years of industry experience, including three years in a managerial or equivalent role, with a pre-appointment qualification review. The draft, unveiled as part of eight sub-regulations tied to the crypto services law promulgated in July, is not yet in force. The Digital Asset Development Research Center compared senior-personnel requirements across Taiwan, Japan, South Korea, Hong Kong and Singapore, according to ABMedia. The proposal signals Taiwan’s push to formalize governance standards for virtual-asset firms as it builds out its licensing regime. What to watch next is whether the FSC keeps the five-year threshold or adopts the seven-year alternative, and how firms with lean local management teams adapt before the rules take effect.