tldr; Crypto businesses in Taiwan must register with the Financial Supervisory Commission by September 2025 or face up to two years in jail and fines up to $155,000. This is part of updated anti-money laundering (AML) regulations effective January 2025. Firms must meet capital requirements and ensure management has no criminal convictions. A new ‘special law’ for crypto is also planned for June 2025. Despite these regulations, some institutional investors can now trade foreign crypto ETFs, with certain conditions.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
2 Comments
I choose jail.
tldr; Crypto businesses in Taiwan must register with the Financial Supervisory Commission by September 2025 or face up to two years in jail and fines up to $155,000. This is part of updated anti-money laundering (AML) regulations effective January 2025. Firms must meet capital requirements and ensure management has no criminal convictions. A new ‘special law’ for crypto is also planned for June 2025. Despite these regulations, some institutional investors can now trade foreign crypto ETFs, with certain conditions.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.