This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

In compliance with the new amendments to Taiwan’s Money Laundering Control Act that comes effect on 2024-11-30, all merchants in the New Taiwan dollar (TWD) market, including cash merchants, who do not have P2Pro verification (merchants who did not obtain Taiwan Financial Supervisory Commission's AML Compliance Statement approval), will have their advertisement posts taken down from Binance P2P’s TWD market on 2024-11-29. We urge all affected merchants to be aware and plan ahead.

Key Updates:

  • Merchants with P2Pro verification status (i.e., merchants who have obtained approval of the Taiwan Financial Supervisory Commission's AML Compliance Statement) can still continue to operate and transact on Binance P2P.

  • Merchants that do not have P2Pro verification for the New Taiwan dollar (TWD) market will not be permitted to publish any advertisements relating to New Taiwan dollar (TWD),  or provide services for buying and selling New Taiwan dollar (TWD) and virtual assets on Binance P2P.

We encourage all merchants to apply for the Money Laundering Prevention Registration with the FSC from 2024-11-30 and apply for the P2Pro Merchant status with us after obtaining the approval.

Thank you for your support!

Binance Team

2024-11-29