Taiwan passes law to target anonymous cryptocurrency transactions

posted 8 months ago
Taiwan’s government passed a law that mandates cryptocurrency transactions fall under the purview of existing money laundering laws. Specifically, Taiwan's regulator can “now demand that operators of virtual currency platforms implement 'real-name systems' that require users to register their real names," and obtain all KYC records from every exchange.

This new law follows the related proposal made by Taiwanese lawmaker Jason Hsu, a congressman from Taiwan’s Nationalist Party, who said “We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities.”
Tags: blockchain, bitcoin, news