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!