Stricter regulations: The new regulations apply to all Virtual Asset Service Providers (VASPs), including those previously registered. They must monitor suspicious transactions and complete the appropriate registration.
Exchanges penalized: Taiwan has penalized two exchanges, Maicoin and Bitopro, for failing to comply with customer due diligence and transaction monitoring processes, impacting their operations.
Registration process: Cryptocurrency service providers need to submit a one-page form describing their activities, along with notifying any changes to the stock exchange center.
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