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<h2 id="header-0">FSC alerts users on Binance&#39;s AML application Usage</h2><p>Leading global cryptocurrency exchange Binance aims to register under the Money Laundering Control Act and the Financial Supervisory Commission (FSC). However, FSC has issued an alert to local crypto providers about <a href="https://coingabbar.com/en/crypto-currency-news/binance-fraud-case-justice-or-crypto-catastrophe" rel="noopener noreferrer nofollow">Binance</a>&#39;s anti-money laundering (AML) application usage, indicating the exchange&#39;s intentions in Taiwan&#39;s crypto market. Notably, Taiwan&#39;s crypto industry lacks exchanges. Furthermore, FSC revealed in 2021 that Binance operates in Taiwan through Binance International Limited Taiwan Branch. Despite regulatory challenges in America and Europe, Binance continues to assist the Taiwanese government against cybercrime.</p>

FSC alerts users about concerns with Binance's AML applications

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