According to The Block's report, an official from the Taiwanese government said the country's financial watchdog will publish the draft, which will serve as a guide for crypto companies, by the end of this month.
The government official stated that as part of the guiding principles for crypto companies, they plan to restrict offshore crypto exchanges from operating in the country without proper compliance registration.
In addition, local news agency CNA wrote today that the draft 10 Principles prepared by Taiwan's Financial Supervisory Commission (FSC) are ready.
The government official pointed out that foreign cryptocurrency exchanges must be properly registered and stated that if exchanges do not properly register and declare their compliance with anti-money laundering regulations to the FSC, they will not be allowed to operate in the country.
At this point, as you may remember, Binance, the world's largest cryptocurrency exchange, also applied for AML compliance in Taiwan.
