Taiwan’s Financial Supervisory Commission (FSC) introduced new anti-money laundering (AML) regulations for virtual asset service providers (VASPs) on October 3, 2024, requiring full compliance by September 2025. Crypto firms that fail to meet this deadline could face penalties, including fines of up to 5 million New Taiwan dollars (approximately $155,900) or a potential two-year prison sentence. A recent FSC press release confirmed that the amended AML regulations mandate all crypto firms to complete their compliance registration by the September 2025 deadline.
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