TechFlow news, according to The Block citing two sources familiar with the matter, cryptocurrency exchange Binance is applying for registration in Taiwan under local anti-money laundering rules.
Taiwan’s Financial Supervisory Commission revealed that Binance is seeking anti-money laundering compliance registration and is currently the only applicant related to cryptocurrency regulations. Taiwan requires virtual asset service providers to comply with anti-money laundering regulations, although the industry as a whole remains not fully regulated.
It is reported that Binance has established a subsidiary in Taiwan, which, despite being unregulated, has already obtained registration approval.
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