Cryptocurrency Analysis and News Portal
Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering incident. Previously Zhemin Guo and Chengwen Tu,
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Taiwanese authorities have arrested an individual suspected of laundering a record $320 million through digital assets, marking the largest case of crypto-related money laundering in the country’s history. Taiwan has witnessed its largest crypto-related money laundering case to date, with the arrest of an individual suspected of laundering 10.4 billion Taiwanese
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Unlike crypto rules in neighboring Hong Kong, the bill doesn't take a strong position on derivatives or stablecoins. It does, however, acknowledge that derivatives linked to virtual assets have unique characteristics (perpetual contracts are mentioned specifically) that may not fully align with traditional financial regulations, opening the door to crypto
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Sometimes, being tax-compliant pays off. Source
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Under the new guidance, crypto issuers would have to publish a white paper, and exchange platforms must set up a review mechanism for listing and delisting virtual assets. Among other requirements, the regulator said firms should also custody platform assets and customer assets separately. Overseas firms will have to register
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Taiwan’s financial sector is known for its conservative outlook, and rich pools of foreign reserves — the fifth largest in the world coming in at $546 billion for a country of 24 million. But because of the industry’s conservative outlook and strict regulatory environment, it isn’t considered a regional financial
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