Taiwan has launched the Taiwan Virtual Asset Service Provider Association, a significant step towards self-regulation in the cryptocurrency industry. The association includes 24 AML-compliant firms and aims to create self-regulatory guidelines for industry growth and consumer protection. Titan Cheng of BitoPro serves as the chair, with Winston Hsiao of XREX as the vice-chair. This move aligns with the government's guidelines and is seen as a major development for the Bitcoin and crypto sector in Taiwan.