Single digits! Taiwan's virtual currency service providers "only 8 remain," and the competition among encryption oligopolies has begun.

No surprises, the Financial Supervisory Commission updated the list of virtual asset service providers registered for compliance today, and only eight remain. (Background: New regulations from the Financial Supervisory Commission: mandatory disclosure of "recipient's name" for transfers to reduce transaction errors and fraud risks) (Supplementary background: Cathay United Bank can now hold Bitcoin! The first batch has been approved, targeting high-net-worth clients) Today, the Taiwan Financial Supervisory Commission updated the "Anti-Money Laundering List of Virtual Asset Service Providers". Currently, the registered providers compliant with anti-money laundering standards are mostly exchange operators, and only eight remain, which is a reduction of four compared to the last published list. Which four providers have exited the anti-money laundering registration? We compared past lists and found the following providers have withdrawn from the market: "BStyle" Coin Generation Technology, "BitstreetX" San Chuan Token, "WOO Network's" Cui Ke Technology, and "BitYacht" Bi Ya Te Technology. It is understood that these providers, like those who withdrew from the market previously, have given up virtual currency service businesses due to facing the specific legal requirements from the Taiwan Financial Supervisory Commission, increased compliance costs, and the prohibition of cash transactions without proof of capital, making it difficult to operate OTC businesses. At the same time, the member list of the virtual currency business association has also been updated, listing eight member providers. Many industry experts previously estimated that there might only be a handful of cryptocurrency service providers left in Taiwan, with only oligopoly competition, and this prediction is gradually becoming a reality. Related reports: Brazil's Central Bank's 140 million USD reserve was hacked! The stolen funds were exchanged for Bitcoin, and the hacker's cost was only 2,760 USD, with service providers becoming the loophole. The US imposes a 20% tariff on Taiwan; do you know how much Taiwan imposes on the US? It might not be as low as you think. Taiwan's collective anxiety about semiconductor tariffs: What is the US "Section 232"? (Only a handful! Taiwan's virtual currency service providers "now only 8 remain", cryptocurrency oligopoly competition begins) This article was first published in BlockTempo, the most influential blockchain news media.