Taiwan Adds Another AML Declaration Business: BitAsset Technology, Still No Participation from International Players

Taiwan has not added any virtual currency operators who have passed the "anti-money laundering statement" for more than half a year. Finally, on September 27th, the Financial Supervisory Commission's Securities and Futures Bureau announced the 26th operator: Biyat Technology.

Another Compliance Statement Added by a Service Provider: BitAsset Technology

BitAsset Technology CEO Wen Hongjun stated, "Yesterday, after the Financial Supervisory Commission released the guidance on virtual assets, today, we at BitAsset Technology are honored to be the first batch of service providers to obtain the compliance statement under the new regulations. We are also the first service provider to qualify for the statement after the new laws this year. This achievement is attributed to the efforts of all shareholders and colleagues, as well as our commitment to professionalism and regulatory compliance. This is our first small milestone!"

Essential Compliance Statement for Operating Exchanges in Taiwan

Since the Financial Supervisory Commission announced the guidance principles on 9/26, virtual currency operators that meet the defined criteria are required to obtain the Anti-Money Laundering (AML) compliance statement to legally operate in Taiwan.

Review of the Draft: Interpreting the Financial Supervisory Commission's draft guidance principles, can overseas operators no longer advertise?

Recently, the Financial Supervisory Commission revealed that the international exchange Binance has submitted its AML compliance statement and its Taiwan registered company is seeking compliance for operations. However, the updated list still does not feature Binance Taiwan.