Binance adjusts P2P merchant rules in Taiwan to comply with Taiwan’s new anti-money laundering regulations that took effect on November 30

CoinVoice has recently learned that Binance issued an announcement stating that in order to comply with the new amendment to Taiwan's Money Laundering Control Act that will take effect on November 30, 2024, all merchants in the New Taiwan Dollar (TWD) market, including cash merchants, who have not obtained P2Pro certification (approved by the Taiwan Financial Supervisory Commission's Anti-Money Laundering Compliance Statement) will remove their advertising posts from Binance P2P's TWD market on November 29, 2024, and affected merchants are not allowed to post any advertisements related to the New Taiwan Dollar, or provide services for buying and selling New Taiwan Dollars and virtual assets on the platform.

Binance urges all affected merchants to raise awareness and plan ahead, apply for anti-money laundering registration with the FSC starting November 30, 2024, and apply for P2Pro merchant status after approval. [Original link]