tl;dr
Regulators in Taiwan are planning a trial run of crypto custody services in local banks, starting in Q1 2025. Three private banks have shown interest in the program. The Financial Supervisory Commission (FSC) will allow a 15-day period for external opinions before accepting applications. Firms must ...
Taiwan's Financial Supervisory Commission (FSC) is set to launch a trial run of crypto custody services in local banks in the first quarter of 2025. The FSC will require disclosure of digital assets, target clientele, and cybersecurity measures. Three private banks have already shown interest in participating, with a 15-day period for external opinions before accepting applications. Applicants must disclose the digital assets they intend to keep and their target clientele, while emphasizing cybersecurity practices and measures against money laundering.
In a recent policy amendment, the FSC mandates that crypto-based companies register with the regulator by September 2025, with penalties for non-compliance including up to two years in prison or fines up to $156,000. Additionally, the FSC has permitted professional traders to invest in foreign crypto exchange-traded funds (ETFs).
More about General Dynamics Corporation
General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Sector: Manufacturing
Subsector: Ship & Boat Building & Repairing
Market Cap: $82.07 billion
P/E Ratio: 23.28
EPS: 5.48
Dividend (Yield): 12.83 (1.64%)
52-Week High: $164.48
52-Week Low: $78.90
Revenue: $44.95 billion
Operating Margin: 324.11
Profit Margin: 20.7%
Return on Equity: 18%
More about CNA Financial Corporation
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CNA Financial Corporation offers commercial property and casualty insurance products primarily in the United States.
Industry: Finance, Fire, Marine & Casualty Insurance
Market Cap: 13,105,754,000
P/E Ratio: 10.3
EPS: 1.72
Dividend Yield: 4.7%
Current Price: $50.85
Beta: 0.0927
Revenue: 13,806,000,000
Operating Margin: 49.5%
Net Income: 0.122
Return on Equity: 6.5%
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