Taiwan's Financial Supervisory Authority Introduces New Rules for Crypto Businesses! 🚨

- VASPs are required to comply with strict AML protocols from January 1, 2025.

- Failure to comply could result in fines of up to NT$5 million and up to 2 years in prison.

- New rules require annual risk reports and internal audits.

- A special law for virtual assets is in the works.

Stay tuned!