Taiwan’s FSC Unveils New AML Regulations for Virtual Asset Providers
Taiwan’s Financial Supervisory Commission (FSC) unveiled updated Anti-Money Laundering (AML) regulations on October 2nd. The main objective is to boost the oversight of local virtual asset service providers (VASPs). Non-compliant entities, on the other hand, will be heavily penalized. The revised regulations will supersede the existing AML framework. Updated AML Regulations Aim to Strengthen Crypto…