Starting January 1, 2025, Taiwan will introduce new registration rules for cryptocurrency exchanges aimed at enhancing market transparency and compliance with anti-money laundering (AML) standards. The Financial Supervisory Commission (FSC) of Taiwan announced that 26 exchanges have already received AML compliance declarations, while another 20-30 applications are under review.
The FSC is developing a "Special Law on the Management of Virtual Assets," which will be presented by June next year. Discussions are focused on licensing, consumer protection, and operational standards for exchanges. The introduced AML regulations require annual risk assessments and internal control systems.
At the same time, around 76% of Taiwanese investors prefer overseas virtual assets, and the 26 operators that meet AML standards are relatively small in scale. Peng Chinlong emphasizes the importance of developing the local crypto industry and enhancing its competitiveness.
