According to BlockBeats news, on November 29, Taiwan’s Financial Regulatory Commission will implement new anti-money laundering (AML) rules on November 30, one month earlier than originally planned, as regulators accelerate anti-fraud work.
The new rules require crypto service providers, such as crypto exchanges, to complete anti-money laundering compliance registrations. Failure to comply may result in penalties, including imprisonment for up to two years and fines of up to NT$5 million (approximately US$153,700). (The Block)
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