Currently, 26 crypto companies in Taiwan have completed the anti-money laundering statement and will be eligible to join the industry association.

According to Lianhe News Network, Taiwan’s Ministry of Economic Affairs recently approved the addition of a 60-day notice period for the “virtual currency business” category, and the next step will be sent to the Ministry of the Interior for release. The Taiwan Virtual Asset Platform and Transaction Business Enterprise (VASP) Association preparatory group is also actively discussing the structure of the association and plans to submit an application in mid-November. The 13 items that have reached preliminary consensus include the classification of exchanges, wallets and other businesses, as well as the association charging mechanism such as membership fees and annual fees. Whether it is a domestic or overseas company, it needs to pass the anti-money laundering statement before joining the association. According to the latest data from the Taiwan Financial Supervisory Commission, there are currently 26 virtual currency operators that have completed the cleanup and are eligible to join, of which two are companies outside Taiwan and 24 are companies within Taiwan. #BTC #ETH