China’s ban on crypto activity presented destination opportunities for crypto initiatives, among them, Taiwan Being a sector that Taiwan has for so long avoided as far as establishing the necessary regulations is concerned, Taiwan’s Ministry of Economic Affairs (MOEA) has now taken a route towards supervision and regulation. On Monday, the Taiwan government said that it is creating a framework for the regulation of cryptocurrencies and digital assets. Reclassifying cryptocurrencies The MOEA noted that with the changes set to come, cryptocurrencies in Taiwan will now be grouped as “virtual currency platforms and trading businesses” instead of their initial classification as…