#cryptonews
“So usually that process we’ve seen it take up to five months that’s on the long end. More standard is 3 to 4 months,” he said.
Taiwan’s Financial Supervisory Commission introduced new anti-money laundering regulations for virtual asset service providers (VASPs) in October 3, 2024, requiring full compliance by September 2025.
Taiwan previously tightened its AML regulations for VASPs in July, but the new rules will fully replace the current system on January 1, 2025. The updated regulations set higher standards for management teams, requiring those in leadership positions to meet stricter qualifications.
A recent FSC press release confirmed that the amended AML regulations mandate all crypto firms to complete their compliance registration by the September 2025 deadline.