Notice on the New Adjustments for P2P Merchants in the TWD Market

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

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning.