Taiwan To Implement Virtual Asset Platform Registration In November

According to PANews, Taiwan will advance the implementation of the Virtual Asset Service Provider (VASP) registration system starting November 30, 2023. The chairman of Taiwan's Financial Supervisory Commission recently stated that 26 companies have already obtained anti-money laundering compliance statements, with an additional 20 to 30 applications currently being processed. The director of Taiwan's Investigation Bureau noted that inspections were conducted on four companies last year, revealing four main types of deficiencies. Further inspections are scheduled for six VASP operators in November and December this year.