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Taiwan Implements Stricter Anti-Money Laundering Regulations for Cryptocurrency Firms

Taiwan Implements Stricter Anti-Money Laundering Regulations for Cryptocurrency Firms

The Taiwanese Financial Supervisory Commission (FSC) has unveiled a set of new Anti-Money Laundering (AML) laws designed to overhaul existing regulations. These revised measures will mandate full compliance from Virtual Asset Service Providers (VASPs), signaling a significant shift in the regulatory landscape for the cryptocurrency sector in Taiwan.