According to BlockBeats, on November 29, the Financial Supervisory Commission of Taiwan will implement new anti-money laundering (AML) rules on November 30, a month earlier than originally planned, as regulators accelerate anti-fraud efforts.
The new rules require crypto service providers, such as crypto exchanges, to complete anti-money laundering compliance registrations. Failure to comply could result in penalties, including up to two years in prison and fines of up to NT$5 million (about $153,700). (The Block)