Exclusive: Taiwan's FSC Reveals Binance Has Submitted AML Declaration, with Binance Taiwan Registered Company Seeking Compliance Landing
BitShine, co-founder Chen Peiyun from Taiwan, revealed details of the meeting involving the participation of various Taiwanese entities in the Financial Supervisory Commission (FSC) regulatory draft, including "foreign exchanges wanting to establish a presence in Taiwan through a money laundering prevention statement." According to multiple sources, the foreign entity is "Binance" and is applying through a registered company in Taiwan.
Review of the FSC regulatory draft meeting content
Table of Contents
Financial Supervisory Commission Discloses Binance Has Submitted Anti-Money Laundering Declaration
The Financial Supervisory Commission of Taiwan revealed during a regulatory draft meeting that the overseas exchange operator Binance is also in the process of applying for an anti-money laundering declaration. This move confirms Binance's intention to further establish a presence in Taiwan through compliance with Taiwan's regulatory framework.
Binance's Taiwan Registered Company Strives for Compliance and Establishment
According to reports, as the anti-money laundering declaration is limited to Taiwan-registered entities, Binance is likely to utilize a Taiwan-registered company as "Binance International Limited Taiwan Branch SEYCHELLES," registered in May 2023 and established in Taiwan in June. The company's representative is Nirun Fuwattananukul, believed to be of Thai descent, but there is no official online profile available.
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