Taiwan is accelerating the implementation of a new anti-money laundering (AML) playbook. The Financial Supervisory Commission (FSC) announced the application of the new rules at the end of November. Digital asset service providers must seek new AML registration with the FSC. Non-compliance will result in hefty fines.
Indonesia is leading Southeast Asia in digital asset volume, with a new report pegging the figures at over $30 billion. This marks a significant surge in the country’s digital asset market. The growth is expected to continue, driven by increasing adoption and investment. Taiwan and Indonesia are setting the pace for digital asset growth in Asia.
