Since the founder of ACE Exchange was involved in a fraud case in early 2024, and due to money laundering deficiencies, was fined NT$1.52 million by the Financial Supervisory Commission, the operational status of the exchange continues to attract attention, and the community keeps speculating about a possible closure or change of ownership. Today (10/24), the announcement from ACE Exchange may reveal new developments.
(The four major exchanges all have deficiencies in financial inspections! The Financial Supervisory Commission will target six more VASPs, and the registration system forces coin dealers to exit.)
ACE announced the renaming of the bank account, and the spokesperson confirmed the name change.
According to the announcement, ACE Exchange stated that the company's 'renaming' needs to simultaneously adjust the binding of the KGI Bank trust account, thus adjusting some functions. From the procedure of the bank trust account, this action indicates that the management team of ACE Exchange will start again under a new name; and it is very likely that they have found a new buyer.
Chain News inquired about ACE Exchange's opinion, and a spokesperson confirmed that they are in the process of renaming and preparing new bank trust contracts, and revealed that all investors have been changed.
Deposit function suspended, will resume on 11/2.
ACE Exchange has suspended deposit services since 10/14 and claims it will continue until 11/2, raising many suspicions in the community about whether the service was suspended due to involvement in a case. A spokesperson stated that this policy is also in response to the company's registration renaming process and the timeline of the trust account contract.
ACE renamed to 'RunTong Digital Innovation.'
Company registration information shows that ACE Exchange, originally named 'Ace Digital Innovation,' has been renamed to 'RunTong Digital Innovation Co., Ltd.' The company's board of directors is entirely represented by 'Aipu New Energy Co., Ltd.' From past reports, it is known that Aipu New Energy and KGI Bank collaborated on 'community charging pile operation trust services,' and both ACE and Aipu New Energy are clients of KGI Bank.
Taiwan's registration system leads to a reshuffle of VASP operators.
Taiwan's Virtual Asset Service Providers (VASP) are expected to be regulated under a 'registration system' next year, and existing exchanges and OTC coin dealers need to be re-evaluated to enter the list of registered operators. If ACE Exchange successfully finds a buyer and renames itself to become a registered operator, it may be able to maintain the rights and interests of ACE's current users.
(The Financial Supervisory Commission announces new regulations for 'anti-money laundering in virtual asset services': abolishing the anti-money laundering declaration, operators must register within three months.)
Does ACE Exchange find a buyer? Announcement of account renaming, may make a comeback after the registration system first appeared in Chain News ABMedia.
