Latest News and Articles about Taiwan
Taiwan Busts $41M BitShine Crypto Scam: 14 Indicted in Massive Fraud Ring
$41M Crypto Scam: Taiwan Busts BitShine Fraud Ring with 14 Indictments Taiwanese authorities have landed a heavy blow on a sprawling cryptocurrency fraud, indicting 14 individuals connected to the BitShine exchange scam for fleecing over 1,500 victims out of $41 million (NT$1.27 billion). This isn’t just a run-of-the-mill con; it’s a glaring spotlight on the […]
Read MoreTaiwan’s Banks to Issue NTD Stablecoins: FSC Proposes Law in 2025
Taiwan’s Bold Leap into Digital Finance: Banks to Issue NTD-Pegged Stablecoins Taiwan is set to revolutionize its financial landscape by allowing local banks to issue stablecoins pegged to the New Taiwan Dollar (NTD), with the Financial Supervisory Commission (FSC) proposing a draft law in June 2025. This move, part of the broader VASP Registration Regulations […]
Read MoreTaiwan’s First AML Arrest: Chen’s USDT Dealings Signal New Regulatory Era
Taiwan’s Historic AML Crackdown on Unregistered USDT Dealers: Chen’s Arrest Marks New Era In a major crackdown, Taiwanese authorities arrested 30-year-old Chen from Kaohsiung for operating as an unregistered virtual currency dealer, marking the first case prosecuted under the nation’s new anti-money laundering (AML) laws. Chen’s activities involved hundreds of Tether (USDT) transactions facilitated through […]
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