Taiwan Amends Financial Laws to Fasten Grip on Cryptocurrency Exchanges14.13

Cryptocurrency transactions are getting a policy makeover in Taiwan after the country’s top financial watchdog agreed to curb illegal transfers and crackdown on those in violation of the law.

As reported by Asia Times on Nov. 5, Taiwan’s Financial Supervisory Commission (FSC) has received full authority to exercise power on virtual currency transactions. Last week, the Legislative Yuan, Taiwan’s highest legal authority, passed amendments to existing laws governing crypto-payments.

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