Taiwan's Financial Supervisory Commission (FSC) has approved nine virtual asset service providers (VASPs) as compliant, marking a significant step in regulating the country's crypto market. The approved companies, including MaiCoin, BitoPro, and XREX, have been granted legal status and are part of the VASP industry association. In contrast, 18 firms have been permanently blacklisted, prohibiting them from offering services and subjecting them to potential criminal penalties. This regulatory move is part of Taiwan's anti-money laundering (AML) framework, which mandates VASPs to implement stringent KYC, internal controls, and audit mechanisms, reinforcing the FSC's 'comply or exit' policy.