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Taiwan's Financial Supervisory Commission (FSC) and legislator Huang Shan-shan have proposed new regulations for the crypto industry, requiring local platforms to obtain licenses and overseas providers to establish local entities. The draft, aimed for enactment by the end of 2025, follows a previous failed attempt and includes anti-money laundering compliance measures, with potential penalties for non-compliance. Public feedback will be gathered until May 24, with the FSC submitting the draft to the Executive Yuan by June.
Huang Shan-shan
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Taiwan introduces new regulations for cryptocurrency platforms and providers
03:40 02.04.2025
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