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 <h2 id="strong-overseas-platforms-must-register-to-operate-in-taiwan-strong"><strong>Overseas Platforms Must Register to Operate in Taiwan</strong></h2> 
 <p><span style="font-weight: 400;">The Commission has finalized 10 principles expected to be officially published by the end of September. The rules aim to improve practices related to information disclosure, internal controls, and </span><span style="font-weight: 400;">AML/CFT</span><span style="font-weight: 400;"> compliance and prohibit illegal solicitation by overseas exchanges.&nbsp;</span></p>  
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  <p><span style="font-weight: 400;">A key priority is curbing unlicensed offshore cryptocurrency platforms from conducting crypto business in </span><span style="font-weight: 400;">Taiwan</span><span style="font-weight: 400;"> or soliciting citizens without following domestic registration and compliance requirements.</span></p> 
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 <p><span style="font-weight: 400;">The guidelines stipulate that overseas entities must register per the Company Law and submit AML/CFT compliance statements to the Commission to operate in Taiwan. Failure to do so prohibits conducting any business in the Taiwanese crypto market.</span></p> 
 <p><span style="font-weight: 400;">For domestic platforms, comprehensive regulations cover reviewing and listing tokens, publishing issuer whitepapers, separating customer and company assets, enacting robust security and critical management systems, increasing transparency through transaction info disclosures, and implementing anti-money laundering controls.</span></p>  
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 <p><span style="font-weight: 400;">The rules also dictate that individual crypto dealers must uphold AML/CFT measures on par with legal entities. All platforms would be subject to potential audits by the Commission as the designated regulatory body.</span></p> 
 <h2 id="b-part-of-a-progressive-regulatory-approach-b"><b>Part of a Progressive Regulatory Approach&nbsp;</b></h2> 
 <p><span style="font-weight: 400;">According to officials, these 10 principles represent the initial phase of crypto oversight in Taiwan, to amend formal regulations eventually. </span><span style="font-weight: 400;">After publishing the guidelines, industry associations would formulate additional self-regulatory standards. The Commission plans to monitor international best practices and revise policies accordingly through a progressive approach.</span></p> 
 <p><span style="font-weight: 400;">The move demonstrates Taiwan’s aim of balancing innovation and oversight by focusing initial rules on </span><span style="font-weight: 400;">information disclosure</span><span style="font-weight: 400;">, consumer protection and limiting unlicensed offshore operators. Regulators hope this allows domestic players to expand services in a compliant ecosystem.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/taiwan-targets-offshore-platforms-in-crypto-regulations-draft-tbt61926.html">https://thebittimes.com/taiwan-targets-offshore-platforms-in-crypto-regulations-draft-tbt61926.html</a></p>

Taiwan Targets Offshore Platforms In Crypto Regulations Draft

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