Deep Tide TechFlow News, on November 29, Binance announced that due to Taiwan's (Anti-Money Laundering Act) new regulations, which will take effect on November 30, 2024, all new Taiwan dollar (TWD) market merchants that have not passed the P2Pro certification (i.e., have not obtained the Anti-Money Laundering compliance statement approval from the Taiwan Financial Supervisory Commission), including cash traders, will have their advertisements removed from the Binance P2P platform on November 29, 2024. Only merchants that have passed the P2Pro certification will be allowed to continue operating in the TWD market, while unverified merchants will be prohibited from posting advertisements or providing TWD and virtual asset trading services. Binance encourages merchants to apply for anti-money laundering registration with the Taiwan Financial Supervisory Commission starting from November 30, 2024, and to apply for P2Pro merchant certification after obtaining approval.