Taiwan’s Crackdown:
Offshore Crypto Exchanges Must Comply or Exit The FSC plans to impose restrictions on offshore cryptocurrency exchanges operating within its jurisdiction unless they gain the required registration.
The guiding principles, expected to be officially released by the end of this month, will focus on various aspects.
FSC to Ban Unregistered Overseas Firms from Selling Business Unregistered foreign crypto firms.
In July, Binance partnered with the Criminal Investigation Bureau, collaborating to aid over 200 law enforcement officers in tackling digital asset-related crime.
Taiwan has two financial regulators: the Central Bank of the Republic of China (Taiwan’s official name) and the FSC.The FSC rules to strictly prohibit illegal business solicitation by foreign crypto companies.
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