EXCLUSIVE: Binance is applying to get registered in Taiwan for AML compliance: sources
At a closed-door meeting on Tuesday,
While Binance is not regulated in Taiwan, the exchange has formed a local entity named, “Binance International Limited Taiwan Branch ,” according to the Department of Commerce’s Kevin Cheng, a director of the Taiwan Fintech Association, said the FSC intends to take a strict approach to regulating crypto platforms operating in Taiwan similar to how it regulates traditional financial institutions.
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