Taiwan, China has established a cryptocurrency industry association, with a total of 24 cryptocurrency companies joining

ChainCatcher news, according to The Block, Taiwan officially established a cryptocurrency industry association today. According to a statement released by the organization on Thursday, a total of 24 cryptocurrency companies have joined the Taiwan Virtual Asset Service Providers Association, and these companies have registered with the Financial Supervisory Commission as anti-money laundering compliant companies.

The association will be chaired by Titan Cheng, the founder and CEO of BitoPro, one of Taiwan's major exchanges. Winston Hsiao, the co-founder and Chief Revenue Officer of XREX, will serve as the vice chairman of the association.