Taiwan FSC Sets Crypto Firms AML Rules, Jail for Non-Compliance

The Financial Supervisory Commission (FSC) in Taiwan has issued new anti-money laundering (AML) regulations for virtual asset service providers (VASPs), including stringent registration conditions and severe sanctions for violations. The new regulations are part of measures to enhance the supervision of the rapidly developing virtual asset sector. New Compliance Framework for Crypto Firms In... source: https://www.thecoinrepublic.com/2024/10/03/taiwan-fsc-sets-crypto-firms-aml-rules-jail-for-non-compliance/