Here’s a detailed look at Taiwan’s new anti-money laundering (AML) regulations for virtual asset service providers (VASPs)!
The Financial Supervisory Commission (FSC) is stepping up with new guidelines set to take effect on January 1, 2025. This move is aimed at strengthening crypto compliance while fostering innovation in the space.
Key updates:
All crypto companies must register with the FSC by September 2025 or face penalties.
The FSC will propose additional crypto laws by June 2025, ensuring security in Taiwan's crypto landscape.
Professional investors can now tap into foreign virtual asset-related ETFs, offering exciting but high-risk opportunities.
While the rules raise the compliance bar, they also pave the way for more secure, sustainable growth. New investment opportunities, like foreign asset ETFs, are also emerging, allowing professional investors to explore fresh possibilities.
How do you see these new regulations shaping the future of crypto in Taiwan? Could they set a new global standard for AML practices?