Taiwan regulator warns against digital currency investments

Taiwan’s financial regulator, the Financial Supervisory Commission (FSC), has warned against investing in cryptocurrencies, saying they bears high risks. The FSC said that only fundraising through security token offerings (SRO) is regulated by the commission. The warning comes after the collapse of Bahamas-based FTX, which filed for bankruptcy last week after its supposed acquisition deal with Binance Holdings failed. While the FSC has not received complaints or reports from local investors, it said it would contact local crypto exchanges to see if they have partnered with FTX or have launched joint products.