Taiwan's Financial Supervisory Commission (FSC) has drafted new anti-money laundering (AML) regulations requiring virtual asset service providers (VASPs) to complete AML compliance registration, otherwise they will face up to two years in prison and a fine of up to NT$5 million (about US$155,900). The new regulations will take effect on January 1, 2025, and VASPs must complete registration by the end of September 2025. (TheBlock)