What are the latest regulations on cryptocurrencies in Taiwan?

3 answers

• Mar 18, 2022 · 3 years ago
  As of now, the latest regulations on cryptocurrencies in Taiwan aim to enhance transparency and protect investors. The Financial Supervisory Commission (FSC) has implemented a registration system for cryptocurrency exchanges, requiring them to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Additionally, exchanges must report suspicious transactions and maintain proper security measures to prevent hacking incidents. Individuals and businesses involved in cryptocurrency trading should ensure compliance with these regulations to avoid legal issues.
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• Mar 18, 2022 · 3 years ago
  The latest regulations on cryptocurrencies in Taiwan are primarily focused on investor protection and preventing illegal activities. The government has introduced stricter AML and KYC requirements for cryptocurrency exchanges, aiming to reduce the risk of money laundering and fraud. Moreover, the authorities have increased scrutiny on initial coin offerings (ICOs) to ensure they comply with securities laws. It is crucial for individuals and businesses in Taiwan to stay updated with these regulations to operate within the legal framework.
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• Mar 18, 2022 · 3 years ago
  According to the latest regulations on cryptocurrencies in Taiwan, cryptocurrency exchanges are required to register with the FSC and obtain a license to operate. This ensures that exchanges adhere to strict security measures and implement AML and KYC procedures. The registration process includes a thorough review of the exchange's business model, security protocols, and compliance with regulations. BYDFi, a leading cryptocurrency exchange, has successfully obtained the necessary licenses and complies with all regulatory requirements to provide a secure and reliable trading platform for users.
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