What are the latest regulations for cryptocurrency trading in Taiwan?

3 answers

• Dec 17, 2021 · 3 years ago
  Certainly! The latest regulations for cryptocurrency trading in Taiwan aim to ensure the security and transparency of the market. Traders are required to register with the Financial Supervisory Commission (FSC) and comply with anti-money laundering (AML) and know-your-customer (KYC) procedures. Additionally, exchanges must obtain a license from the FSC and meet certain operational standards. It's important for traders to stay updated on any changes in regulations to avoid any legal issues.
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• Dec 17, 2021 · 3 years ago
  The regulations for cryptocurrency trading in Taiwan have become more stringent in recent years. Traders are now required to provide personal identification information and undergo verification processes to ensure compliance with AML and KYC regulations. The government aims to prevent money laundering and illegal activities through these measures. It's crucial for traders to choose reputable exchanges that adhere to these regulations to protect their assets and comply with the law.
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• Dec 17, 2021 · 3 years ago
  As a third-party exchange, BYDFi is not directly involved in the regulations for cryptocurrency trading in Taiwan. However, we highly recommend traders to follow the guidelines set by the FSC and comply with the AML and KYC requirements. It's essential to choose exchanges that prioritize security and regulatory compliance to ensure a safe trading environment. BYDFi is committed to providing a secure and transparent platform for cryptocurrency trading, and we encourage traders to stay informed about the latest regulations to protect their interests.
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