Binance and Taiwan Halt Crypto Laundering Ring

The illicit scheme, valued at nearly NT$200 million, involved sophisticated tactics to launder illegally obtained funds using cryptocurrencies. The perpetrators created fake remittance proofs, identification documents, and chat records to evade regulatory detection. The Taipei District Prosecutors Office charged nine individuals with money laundering, aggravated fraud, and organized crime under the Money Laundering Control Act and other relevant regulations.&middot

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