In the framework of preventing money laundering through crypto-currencies, Taiwan's Minister of Justice Qiu Taisan called for the regulation rules of the crypto-currency to enter into force until November of this year.
A number of country departments have participated in the development of regulatory rules: the Financial Control Commission, the Central Bank, the Ministry of the Interior, the Bureau of Investigation, and other agencies.
In April of this year, the Ministry of Justice appealed to two internal crypto-exchange exchanges, which will advise the department on the operation of mechanisms for controlling operations of crypto-currencies. In November, a mission of the Asia-Pacific Group on Money Laundering arrives in Taiwan, and by this time it is necessary to prepare complete information on the processes taking place on the crypto-exchange markets.
The situation was also commented on by the Chairman of the Financial Control Commission, Gu Lixiong. He said that the control of the regulator over crypto-currencies will focus mainly on preventing money laundering. In addition, the commission asked banks to transfer the accounts of crypto-exchange exchanges to the category of "high-risk accounts" in order to prevent the use of crypto-currency in doubtful financial transactions.
In addition, last month, Taiwan once again stressed that the FSC is guided by the experience of Singapore, and not China or South Korea, which went along the path of limiting trade in crypto-currencies.
A number of country departments have participated in the development of regulatory rules: the Financial Control Commission, the Central Bank, the Ministry of the Interior, the Bureau of Investigation, and other agencies.
In April of this year, the Ministry of Justice appealed to two internal crypto-exchange exchanges, which will advise the department on the operation of mechanisms for controlling operations of crypto-currencies. In November, a mission of the Asia-Pacific Group on Money Laundering arrives in Taiwan, and by this time it is necessary to prepare complete information on the processes taking place on the crypto-exchange markets.
The situation was also commented on by the Chairman of the Financial Control Commission, Gu Lixiong. He said that the control of the regulator over crypto-currencies will focus mainly on preventing money laundering. In addition, the commission asked banks to transfer the accounts of crypto-exchange exchanges to the category of "high-risk accounts" in order to prevent the use of crypto-currency in doubtful financial transactions.
In addition, last month, Taiwan once again stressed that the FSC is guided by the experience of Singapore, and not China or South Korea, which went along the path of limiting trade in crypto-currencies.
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