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Taiwan proposes two-year jail term for non-compliant VASPs in draft bill
The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing fines of up to $1.5 million.
The Ministry of Justice is behind the bill, which seeks to combat money laundering and fraud through digital assets, proposing fines of up to $1.5 million.
Firms at Stage 2 of application before Aug 31 will be processed under the move, which is meant to strike a balance between protection and promoting innovation.