The Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on anonymous virtual currency transactions.”
The Legislative Yuan, Taiwan’s highest legislative body, on Friday passed some amendments to existing laws aimed at regulating cryptocurrency transactions in the country, Focus Taiwan reported. The publication wrote:
The amendments to the Money Laundering Control Act and the Terrorism Financing Prevention Act give Taiwan’s Financial Supervisory Commission (FSC) the authority to crack down on anonymous virtual currency transactions.