Taiwan Stock Exchange Develops Two Guidelines for Crypto Assets to Assist Listed Companies

The Taiwan Stock Exchange (TWSE) has announced the development of two major guidelines: 'Accounting Treatment for Stablecoin Transactions' and 'Internal Control Systems for Holding Crypto Assets.' These aim to assist listed companies in enhancing transparency and risk management as stablecoin usage grows. The accounting guideline provides criteria for classifying stablecoins as financial assets, intangible assets, or inventory, using examples like USDC and USDT. The internal control guideline mandates board supervision, the appointment of specialized personnel, virtual wallet management, private key security, and transaction authorization protocols. These measures will help listed companies implement consistent accounting practices and robust risk management systems.