🚨 Taiwanese law enforcement authorities have uncovered what may be the largest cryptocurrency laundering case in the region, worth 324.2 million USDT. 🕵️‍♂️ Crime Bureau officers seized evidence including a Lamborghini, LEXUS LM, three expensive watches, work cell phones and drugs.

The suspect, surnamed Zhou, was arrested in June. He is accused of facilitating the laundering of more than 324.2 million USDT related to an investment fraud uncovered in October 2022. Three other people were detained along with Zhou.

Taiwan has introduced a virtual asset bill aimed at strengthening customer protection and effective oversight of the industry. Under the proposed legislation, virtual asset service providers (VASPs) operating without a license could face fines ranging from NT$2 million to NT$20 million (US$60,000 to US$600,000).