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Taiwan officially allows ‘professional investors’ to buy Bitcoin ETFs.

Published

2 years ago

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In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds.

The report notes that there is a specific criteria to meet for those hoping to invest. “Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors,” the FSC clarified.

Additionally, there must be a board-approved suitability assessment for securities firms looking to invest in crypto ETFs. This will coincide with mandatory educational efforts for businesses. Specifically, this will seek to teach more about cryptocurrency, and its inherent risks. Yet, the decision still adds Taiwan to a list of nations looking to further embrace crypto as a growing,a nd globally important, asset class.

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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

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Binance Burns Over 522 Million LUNC in March as Part of Ongoing Support Initiative

Published

4 months ago

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April 8, 2026

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Binance has continued its long-running commitment to the Terra Classic ecosystem by burning 522,448,771 LUNC in March 2026. The monthly burn is part of the exchange’s established program that allocates 50% of LUNC trading fees collected on the platform to be permanently removed from circulation.

This latest burn brings the total LUNC destroyed by Binance since the program launched in 2022 to approximately 83.64 billion tokens. The initiative aims to support the long-term sustainability of the Terra Classic network by steadily reducing the circulating supply of LUNC.

Consistent Supply Reduction Mechanism

Under the program, Binance automatically directs half of the trading fees generated from LUNC pairs into a burn wallet each month. This transparent, fee-based approach has become one of the most reliable deflationary mechanisms for the token, providing steady supply pressure without relying solely on community-driven tax burns or validator contributions.

The March figure of roughly 522 million LUNC reflects ongoing trading activity on the exchange and demonstrates Binance’s sustained engagement with the Terra Classic community despite the token’s volatile history following the 2022 Terra collapse.

Broader Context for Terra Classic

Binance’s burns complement other ecosystem efforts, including on-chain tax burns and validator-initiated transactions. While the cumulative impact has removed tens of billions of tokens over the years, LUNC’s total supply remains in the trillions, meaning significant further reductions are still needed for meaningful scarcity effects.

The exchange has also introduced greater transparency in recent months, with a dedicated LUNC burn tracking portal that allows the community to monitor burns in real time.

Outlook

Binance’s consistent monthly burns continue to signal institutional-level support for Terra Classic’s recovery efforts. As the network prepares for upgrades such as Core v4.0 and potential improvements to staking and utility, these supply-reduction actions provide a foundational layer of deflationary pressure.

Community sentiment around the burns remains largely positive, viewing them as a steady contribution toward rebuilding confidence in LUNC and its sister token USTC. However, meaningful price appreciation will likely depend on a combination of sustained burns, successful network upgrades, increased utility, and broader market conditions.

With April already seeing additional burn activity reported in the early days of the month, Binance’s ongoing program is expected to remain a key pillar of support for the Terra Classic ecosystem throughout 2026.

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