Taiwan Amends AML/CFT Laws, Includes Regulatory Requirements for Cryptocurrency Operations-3.3

Taiwan’s legislature has amended the country’s anti-money laundering and terrorism financing prevention laws to include regulatory requirements for cryptocurrency transactions.

According to Focus Taiwan, the amendments grant the country’s top financial regulator (FSC) the power to clamp down on anonymous cryptocurrency transactions. Beyond regulating digital currency transactions, the Financial Supervisory Commission (FSC) can also monitor crypto exchange operators.

Original source

Add comment

Please Sign in to be able to leave comments.