News Snapshot:
With news of a crypto crackdown in mainland China roiling the global crypto market, one might wonder if Taiwan would serve as a haven for crypto businesses. Not exactly, as it turns out. In fact, whenever Taiwanese crypto lawyer Will Tseng’s clients ask him to suggest the best place to open a crypto firm, he recommends Singapore, where regulations are much clearer. On July 1, Taiwan’s new anti-money laundering (AML) regulations for crypto entities came into effect. Eight cryptocurrency exchanges were chosen by Taiwan’s financial watchdog, the FSC, for the first stage of implementation, according to Kunchou Tsai, founder and...
