Taiwan has announced that its AML rules for crypto service providers will take effect on November 30, a month earlier than initially planned.
Taiwan Financial Supervisory Commission (FSC) is preparing to enforce comprehensive regulations for cryptocurrency platforms in 2025.
Taiwan FSC is set to tighten regulations for cryptocurrency firms, introducing new anti-money laundering (AML) requirements.
Taiwan has reportedly allowed professional investors to access cryptocurrency ETFs, including Bitcoin ETFs, through a re-entrustment method.
Yang Chin-long, the President of the Central Bank of Taiwan, said that the development of a CBDC will not be rushed.
Nine major crypto firms in Taiwan have teamed up with the clear objective of advocating for the interests of the cryptocurrency industry.
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