• bitcoinBitcoin(BTC)$101,303.00-3.45%
  • ethereumEthereum(ETH)$2,421.62-7.30%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.09-5.38%
  • binancecoinBNB(BNB)$632.32-4.80%
  • solanaSolana(SOL)$143.75-6.82%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.170797-9.73%
  • tronTRON(TRX)$0.267922-2.33%
  • cardanoCardano(ADA)$0.62-6.71%
  • staked-etherLido Staked Ether(STETH)$2,421.37-7.23%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$101,481.00-3.08%
  • HyperliquidHyperliquid(HYPE)$34.28-3.12%
  • Wrapped stETHWrapped stETH(WSTETH)$2,912.29-7.32%
  • suiSui(SUI)$2.95-7.67%
  • leo-tokenLEO Token(LEO)$8.74-2.83%
  • stellarStellar(XLM)$0.256007-4.38%
  • avalanche-2Avalanche(AVAX)$18.71-7.86%
  • bitcoin-cashBitcoin Cash(BCH)$382.76-4.76%
  • the-open-networkToncoin(TON)$3.05-3.89%
  • USDSUSDS(USDS)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.27%
  • hedera-hashgraphHedera(HBAR)$0.158720-5.52%
  • WETHWETH(WETH)$2,426.15-7.11%
  • litecoinLitecoin(LTC)$82.97-5.97%
  • Wrapped eETHWrapped eETH(WEETH)$2,589.84-7.42%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.08%
  • Ethena USDeEthena USDe(USDE)$1.00-0.09%
  • moneroMonero(XMR)$314.14-0.12%
  • polkadotPolkadot(DOT)$3.81-5.66%
  • bitget-tokenBitget Token(BGB)$4.55-4.65%
  • Pi NetworkPi Network(PI)$0.61-5.08%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$101,399.00-3.41%
  • pepePepe(PEPE)$0.000011-10.48%
  • whitebitWhiteBIT Coin(WBT)$30.98-0.91%
  • aaveAave(AAVE)$243.45-8.07%
  • uniswapUniswap(UNI)$5.90-6.91%
  • daiDai(DAI)$1.00-0.05%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.18-0.03%
  • BittensorBittensor(TAO)$353.95-6.51%
  • okbOKB(OKB)$49.71-0.59%
  • crypto-com-chainCronos(CRO)$0.097756-2.45%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aptosAptos(APT)$4.48-6.98%
  • nearNEAR Protocol(NEAR)$2.25-8.13%
  • sUSDSsUSDS(SUSDS)$1.050.06%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$173.65-6.64%
  • internet-computerInternet Computer(ICP)$4.87-7.34%
  • ethereum-classicEthereum Classic(ETC)$16.26-6.02%
  • OndoOndo(ONDO)$0.78-6.71%
  • Tokenize XchangeTokenize Xchange(TKX)$30.27-1.86%
  • gatechain-tokenGate(GT)$18.43-3.83%
  • USD1USD1(USD1)$1.00-0.01%
  • kaspaKaspa(KAS)$0.081072-3.37%
  • mantleMantle(MNT)$0.63-5.30%
  • Official TrumpOfficial Trump(TRUMP)$9.78-9.68%
  • vechainVeChain(VET)$0.022682-4.88%
  • fasttokenFasttoken(FTN)$4.420.10%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.73-8.75%
  • cosmosCosmos Hub(ATOM)$4.09-4.79%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$101,381.00-2.74%
  • render-tokenRender(RENDER)$3.56-5.63%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.198846-7.19%
  • EthenaEthena(ENA)$0.286946-9.28%
  • quant-networkQuant(QNT)$112.07-3.16%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.76%
  • filecoinFilecoin(FIL)$2.36-8.54%
  • first-digital-usdFirst Digital USD(FDUSD)$1.00-0.06%
  • arbitrumArbitrum(ARB)$0.322675-10.96%
  • algorandAlgorand(ALGO)$0.180629-5.88%
  • SkySky(SKY)$0.072803-2.01%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.30-3.12%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$2,422.20-7.20%
  • USDtbUSDtb(USDTB)$1.00-0.08%
  • kucoin-sharesKuCoin(KCS)$11.07-0.81%
  • USDT0USDT0(USDT0)$1.00-0.08%
  • JupiterJupiter(JUP)$0.457064-12.90%
  • CelestiaCelestia(TIA)$1.97-8.74%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$151.27-7.09%
  • nexoNEXO(NEXO)$1.21-3.01%
  • flare-networksFlare(FLR)$0.017524-2.11%
  • SonicSonic(S)$0.363215-7.10%
  • rocket-pool-ethRocket Pool ETH(RETH)$2,751.67-7.54%
  • bonkBonk(BONK)$0.000014-8.73%
  • injective-protocolInjective(INJ)$11.39-7.36%
  • StoryStory(IP)$3.91-3.54%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.67-5.68%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$2,536.64-7.09%
  • blockstackStacks(STX)$0.69-8.77%
  • FartcoinFartcoin(FARTCOIN)$1.059.57%
  • optimismOptimism(OP)$0.59-6.98%
  • Binance Bridged USDC (BNB Smart Chain)Binance Bridged USDC (BNB Smart Chain)(USDC)$1.00-0.08%
  • SPX6900SPX6900(SPX)$1.07-5.89%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.01%
  • sei-networkSei(SEI)$0.180025-7.35%
  • xdce-crowd-saleXDC Network(XDC)$0.058226-2.59%
  • makerMaker(MKR)$1,793.27-4.40%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$101,226.00-3.29%
  • bitcoinBitcoin(BTC)$101,303.00-3.45%
  • ethereumEthereum(ETH)$2,421.62-7.30%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.09-5.38%
  • binancecoinBNB(BNB)$632.32-4.80%
  • solanaSolana(SOL)$143.75-6.82%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.170797-9.73%
  • tronTRON(TRX)$0.267922-2.33%
  • cardanoCardano(ADA)$0.62-6.71%
  • staked-etherLido Staked Ether(STETH)$2,421.37-7.23%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$101,481.00-3.08%
  • HyperliquidHyperliquid(HYPE)$34.28-3.12%
  • Wrapped stETHWrapped stETH(WSTETH)$2,912.29-7.32%
  • suiSui(SUI)$2.95-7.67%
  • leo-tokenLEO Token(LEO)$8.74-2.83%
  • stellarStellar(XLM)$0.256007-4.38%
  • avalanche-2Avalanche(AVAX)$18.71-7.86%
  • bitcoin-cashBitcoin Cash(BCH)$382.76-4.76%
  • the-open-networkToncoin(TON)$3.05-3.89%
  • USDSUSDS(USDS)$1.000.00%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.27%
  • hedera-hashgraphHedera(HBAR)$0.158720-5.52%
  • WETHWETH(WETH)$2,426.15-7.11%
  • litecoinLitecoin(LTC)$82.97-5.97%
  • Wrapped eETHWrapped eETH(WEETH)$2,589.84-7.42%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.08%
  • Ethena USDeEthena USDe(USDE)$1.00-0.09%
  • moneroMonero(XMR)$314.14-0.12%
  • polkadotPolkadot(DOT)$3.81-5.66%
  • bitget-tokenBitget Token(BGB)$4.55-4.65%
  • Pi NetworkPi Network(PI)$0.61-5.08%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$101,399.00-3.41%
  • pepePepe(PEPE)$0.000011-10.48%
  • whitebitWhiteBIT Coin(WBT)$30.98-0.91%
  • aaveAave(AAVE)$243.45-8.07%
  • uniswapUniswap(UNI)$5.90-6.91%
  • daiDai(DAI)$1.00-0.05%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.18-0.03%
  • BittensorBittensor(TAO)$353.95-6.51%
  • okbOKB(OKB)$49.71-0.59%
  • crypto-com-chainCronos(CRO)$0.097756-2.45%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • aptosAptos(APT)$4.48-6.98%
  • nearNEAR Protocol(NEAR)$2.25-8.13%
  • sUSDSsUSDS(SUSDS)$1.050.06%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$173.65-6.64%
  • internet-computerInternet Computer(ICP)$4.87-7.34%
  • ethereum-classicEthereum Classic(ETC)$16.26-6.02%
  • OndoOndo(ONDO)$0.78-6.71%
  • Tokenize XchangeTokenize Xchange(TKX)$30.27-1.86%
  • gatechain-tokenGate(GT)$18.43-3.83%
  • USD1USD1(USD1)$1.00-0.01%
  • kaspaKaspa(KAS)$0.081072-3.37%
  • mantleMantle(MNT)$0.63-5.30%
  • Official TrumpOfficial Trump(TRUMP)$9.78-9.68%
  • vechainVeChain(VET)$0.022682-4.88%
  • fasttokenFasttoken(FTN)$4.420.10%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.73-8.75%
  • cosmosCosmos Hub(ATOM)$4.09-4.79%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$101,381.00-2.74%
  • render-tokenRender(RENDER)$3.56-5.63%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.198846-7.19%
  • EthenaEthena(ENA)$0.286946-9.28%
  • quant-networkQuant(QNT)$112.07-3.16%
  • worldcoin-wldWorldcoin(WLD)$1.03-10.76%
  • filecoinFilecoin(FIL)$2.36-8.54%
  • first-digital-usdFirst Digital USD(FDUSD)$1.00-0.06%
  • arbitrumArbitrum(ARB)$0.322675-10.96%
  • algorandAlgorand(ALGO)$0.180629-5.88%
  • SkySky(SKY)$0.072803-2.01%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.30-3.12%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$2,422.20-7.20%
  • USDtbUSDtb(USDTB)$1.00-0.08%
  • kucoin-sharesKuCoin(KCS)$11.07-0.81%
  • USDT0USDT0(USDT0)$1.00-0.08%
  • JupiterJupiter(JUP)$0.457064-12.90%
  • CelestiaCelestia(TIA)$1.97-8.74%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$151.27-7.09%
  • nexoNEXO(NEXO)$1.21-3.01%
  • flare-networksFlare(FLR)$0.017524-2.11%
  • SonicSonic(S)$0.363215-7.10%
  • rocket-pool-ethRocket Pool ETH(RETH)$2,751.67-7.54%
  • bonkBonk(BONK)$0.000014-8.73%
  • injective-protocolInjective(INJ)$11.39-7.36%
  • StoryStory(IP)$3.91-3.54%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.67-5.68%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$2,536.64-7.09%
  • blockstackStacks(STX)$0.69-8.77%
  • FartcoinFartcoin(FARTCOIN)$1.059.57%
  • optimismOptimism(OP)$0.59-6.98%
  • Binance Bridged USDC (BNB Smart Chain)Binance Bridged USDC (BNB Smart Chain)(USDC)$1.00-0.08%
  • SPX6900SPX6900(SPX)$1.07-5.89%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.00-0.01%
  • sei-networkSei(SEI)$0.180025-7.35%
  • xdce-crowd-saleXDC Network(XDC)$0.058226-2.59%
  • makerMaker(MKR)$1,793.27-4.40%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$101,226.00-3.29%

Taiwan’s Financial Supervisory Commission (FSC) has announced new Anti-Money Laundering (AML) regulations for virtual asset service providers (VASPs), which will come into full effect in 2025. This move aims to strengthen the country’s oversight of the crypto sector and align it with global standards.

Key Features of the New Regulations

Under the updated framework, all crypto firms must register with the government by September 2025 or face severe penalties. Noncompliance could result in fines of up to 5 million New Taiwan dollars (approximately £155,900) or a two-year prison sentence. The new regulations will replace the current AML system for VASPs starting January 1, 2025. Companies adhering to existing standards must comply with the new requirements and register accordingly.

The FSC has advised firms to wait until the new system is operational before submitting their documents to prevent confusion arising from differing regulatory requirements. Additionally, VASPs will be required to file annual risk assessment reports with the relevant government agency.

Taiwan’s Competitive Push in the Crypto Market

In conjunction with the new AML measures, the Taiwanese government is also looking to enhance its standing in the global crypto landscape. On September 30, the FSC entered the digital asset ETF market, allowing local professional investors access to new investment opportunities. This initiative is part of Taiwan’s broader strategy to boost its financial competitiveness, aiming to align itself with financial hubs like Hong Kong and Singapore.

Chainalysis Report on Illegal Crypto Activity

A recent report by Chainalysis highlighted the movement of illegal funds through crypto wallets. The report indicates that nearly $100 billion has been transferred to conversion services since 2019, with a significant surge in transactions occurring in 2022. Many of these transfers are linked to illegal activities, including scams and exchange hacks, underscoring the importance of Taiwan’s enhanced regulatory measures.

As Taiwan implements these new regulations, the country aims to ensure a safer and more compliant environment for its growing crypto industry.

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