#KryptoGO #Taiwan #Taipei #stablecoin #VASP

KryptoGO Achieves Significant VASP Registration Milestone

KryptoGO, a leading Web3 financial infrastructure provider based in Taiwan, has successfully obtained one of the first Virtual Asset Service Provider (VASP) registrations from the Financial Supervisory Commission (FSC). This pivotal approval marks a significant milestone in Taiwan's regulatory landscape for cryptocurrencies, serving as a precursor to a full licensing regime.

According to recent news, Taiwan's FSC has officially greenlit the initial batch of VASPs, comprising nine firms out of numerous applicants. Those who did not secure registration permits must pause their operations, demonstrating the rigorous standards imposed by the regulatory body.

KryptoGO stands out as a key player in this development, operating under the auspices of Taiwan's National Development Fund. This approval facilitates a robust foundation for businesses to leverage stablecoin payments within a compliant framework, enhancing the efficacy and safety of virtual asset transactions.

Bridging Opportunities in the Supply Chain

In his comments regarding the registration, Kordan Ou, CEO of KryptoGO, emphasized the importance of this approval, stating, “This recognition is not just a permit—it is a bridge.” This remark highlights KryptoGO's vision of connecting Taiwan's globally integrated enterprises, particularly in the supply chain and manufacturing sectors, to safely adopt stablecoin payment systems. The company's ethos encourages international partnerships, inviting global players to explore the burgeoning market within Taiwan's clear regulatory guidelines.

Comprehensive Payment Solutions

KryptoGO has developed a comprehensive suite of stablecoin payment solutions designed to streamline the process for enterprises. Their offerings include:

• - Payment Gateway, SDK, and APIs: Essential tools for merchant acceptance, payouts, bulk transfers, and conditional settlements.
• - Standalone Wallet Application: Available for both end users and operational teams to ensure seamless transactions.
• - Wallet-as-a-Service: Facilitating partners to launch branded wallets effortlessly without the need to develop the underlying infrastructure.
• - Non-Custodial Architecture: This ensures that clients maintain control of their assets and private keys, enhancing security.
• - Integrated Regulatory Technology: Comprehensive KYC/KYB, KYT, and AML monitoring to ensure compliance with international norms.

Neutral Positioning in the Ecosystem

Amid tightening regulations and shifting compliance norms globally, KryptoGO distinguishes itself as a neutral third-party stablecoin payment service provider. The company integrates with locally licensed VASPs—including exchanges and over-the-counter trading (OTC) platforms—to enable stablecoin transactions while ensuring compliance with Taiwan's regulatory framework. This approach fosters a secure environment for businesses operating in the region.

Strategic Collaborations and Certifications

KryptoGO's proactive stance on compliance extends to partnerships with some of the heavyweight players in the industry, including Circle, Binance, and Sumsub. This collaborative spirit signifies the company's commitment to laying down strong operational foundations as they expand into Taiwan's regulated market. Furthermore, KryptoGO boasts various prestigious certifications, such as ISO 27001, ISO 27701, and SOC 2 Type 2, which align with globally recognized standards adhered to by leading fintech companies like Stripe and PayPal.

Taiwan as a Gateway to Asian Markets

Positioned at the heart of the global semiconductor and manufacturing supply chain, KryptoGO is poised to leverage Taiwan's strategic significance to establish connections between international stablecoin liquidity and enterprise demand. The company has ambitious plans for expansion into nearby markets, including Hong Kong, Singapore, and Japan, reinforcing their commitment to facilitating stablecoin ecosystem growth across Asia.

About KryptoGO

KryptoGO was founded in 2019, backed by Taiwan's National Development Fund, and is dedicated to providing secure, compliant, and efficient virtual asset transfer and stablecoin payment solutions for enterprises. For further information on how KryptoGO can cater to your Web3 business requirements, visit www.kryptogo.com or contact them directly.

In conclusion, KryptoGO's recent VASP registration serves as a vital stepping stone towards establishing a dynamic and compliant crypto environment in Taiwan, setting a precedent for the integration of stablecoin payments in various sectors.