Taiwanese Court Convicts Spies Paid in Crypto by China
In one of the most high-profile spying cases, Taiwan’s top court convicted eight Chinese espionage suspects using crypto to make payments. According to Bloomberg, which cites Taiwan’s Ministry of Justice’s Investigation Bureau, Taiwanese military troops engaged in a significant espionage case were paid with Bitcoin by Chinese intelligence. In what the newspaper refers to as […]
Taiwan Establishes Crypto Association for Sector Regulation
Taiwan establishes a government-guided crypto industry association to promote innovation and security through structured regulation. Taiwan has formally established a cryptocurrency industry association with the assistance of the government. This is a proactive measure to regulate the crypto sector by establishing a structured framework that ensures security and encourages innovation. The establishment of the association […]
Taiwan Imposes Strict Jail Time Laws Targeting Crypto Firms
Taiwan’s Ministry of Justice proposes stricter AML measures for the crypto industry, shifting from administrative to criminal penalties for non-compliance. The amendments the Ministry of Justice of Taiwan put forth aim to strengthen anti-money laundering (AML) protocols in the cryptocurrency sector. If implemented, the novel suggestions will significantly depart from the existing system, where administrative […]
Ace Exchange Founder Faces Indictment in Taiwan For Fraud
David Pan, the founder of Ace Exchange, a local cryptocurrency trading platform, is one of six suspects indicted for Fraud by the Taiwanese authorities. According to prosecutors ‘ official announcement, Pan was one of six suspects in an April 8 indictment. The prosecution accused him of fraud and money laundering, resulting in losses of $10.6 […]
Binance Strengthens Web3 Trust
Through a recent law enforcement workshop in Taiwan, Binance took strides to bolster trust within the web3 ecosystem. Binance hosted a virtual assets law enforcement workshop for the officials of the Keelung District Prosecutors Office in Taiwan to strengthen relationships with law enforcement in handling crimes linked to cryptocurrency. The event, revealed on March 13, […]