The Taiwanese FSC has released new Anti-Money Laundering laws that will replace its current regulations and require full compliance of VASPs.
The Financial Supervisory Commission (FSC) of Taiwan introduced new Anti-Money Laundering (AML) regulations that all local virtual asset service providers (VASPs) must comply with by 2025.
On Oct. 2, the FSC released updated AML measures following earlier amendments proposed by the financial watchdog. Taiwan has been expected to roll out new crypto-related regulations since March.
The new regulations require all crypto firms to register with the government by September 2025 or face penalties, including a two-year prison sentence or fines of as much as 5 million New Taiwan dollars ($155,900).
