Taiwan's first cryptocurrency trading platform established by a large enterprise group has arrived. Taiwan Mobile's fully-owned subsidiary FuSheng Digital officially announced the launch of the "Taiwan Mobile Virtual Asset Exchange" (TWEX), scheduled to go online on May 22, 2025, "Bitcoin Pizza Day".
TWEX Exchange Will Go Online on 5/22
According to the explanation, FuSheng Digital plans to hold a press conference in Taipei on the launch date of May 22, where Taiwan Mobile's CEO Lin Zhichen and FuSheng Digital's General Manager Han Kunchu will attend, inviting industry leaders, regulatory representatives, and media to witness this historic moment.
They are expected to introduce TWEX's trading functions, user interface, and integration with telecommunications services, while also discussing industry development, regulatory progress, and consumer protection.
FuSheng Digital Has Obtained Regulatory Approval
Taiwan Mobile, established in 1997, is Taiwan's second-largest telecommunications operator, providing mobile communication, broadband internet, and fixed-line telephone services, with over 10 million users and extensive 4G/5G network coverage.
FuSheng Digital is a fully-owned subsidiary of Taiwan Mobile, focusing on virtual asset and financial technology businesses. Led by Taiwan Mobile's CEO Lin Zhichen as chairman and Vice President Han Kunchu as general manager, its business scope includes cryptocurrency trading, digital asset management, and blockchain applications, aiming to build a comprehensive Web3 ecosystem.
FuSheng Digital completed the Financial Supervisory Commission's "Anti-Money Laundering Compliance Statement" on July 5, 2024, becoming one of the 26 Virtual Asset Service Providers (VASPs) in Taiwan.
The Significance of TWEX Launch
Taiwan's virtual asset regulation has become increasingly strict, with multiple platforms recently announcing their market exit.
The "Taiwan Mobile Virtual Asset Exchange" is not only an important step for Taiwan Mobile to embrace Web3, but also raises questions about how TWEX will leverage Taiwan Mobile's massive user base and brand influence to attract more general public participation in digital asset trading.
