Taiwan will implement a registration system for virtual asset service providers in advance starting from November 30th

According to a report by Juheng.com, Taiwan will implement a virtual asset platform and trading business (VASP) registration system in advance starting from November 30th this year. The chairman of Taiwan's "Financial Supervisory Commission" recently pointed out that 26 companies have obtained a declaration of compliance with money laundering prevention laws and regulations, and there are still 20-30 applications in progress. The director of Taiwan's "Inspection Bureau" stated that four companies were inspected last year, and four types of deficiencies were mainly found. Six VASP practitioners are scheduled to be inspected in November and December this year.