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Darknet Drug Dealer ‘Pharaoh’ Accused of Facilitating $100M in Crypto Sales Arrested in New York
21.5.2024
Taiwanese national and darkweb drug dealer Rui-Siang Lin, who allegedly made more than $100 million in cryptocurrency sales of illegal narcotics, has been arrested by U.S. authorities.
The post Darknet Drug Dealer ‘Pharaoh’ Accused of Facilitating $100M in Crypto Sales Arrested in...
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
18.5.2024
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6...
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
18.5.2024
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6...
Binance helps Taiwan solve $6.2M crypto fraud
17.5.2024
Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud
Binance Collaborates with Taiwan to Resolve Multi-Million Crypto-Assisted Money Laundering Case
17.5.2024
Binance has teamed up with Taiwan's authorities to solve a significant case involving cryptocurrency-assisted money laundering.
The post Binance Collaborates with Taiwan to Resolve Multi-Million Crypto-Assisted Money Laundering Case appeared first on Cryptonews
Taiwan Proposes AML Amendments, Seeks Jail Terms and Fines for Non-Compliant Crypto Service Providers
10.5.2024
In response to fraud and money laundering risks in the virtual asset landscape, Taiwan’s Ministry of Justice has proposed several amendments to the city’s existing AML laws, suggesting hefty fines and prison terms for non-compliant service providers.
The post Taiwan Proposes AML Amendments, Seeks...
Taiwan proposes tougher AML measures for crypto service providers
9.5.2024
Taiwan’s Ministry of Justice proposed four amendments to the country’s AML regulations focused on cryptocurrency firms that plan to impose hefty penalties for noncompliance
Taiwan prosecutors target 20-year sentences for ACE exchange suspects
27.4.2024
According to the prosecutors, the increased scale of the losses justifies the sentence recommendation
Over 30 People Charged In $24M Crypto Fraud Linked to Taiwan’s ACE Exchange
26.4.2024
Taiwan prosecutors charged 32 individuals with fraud and money laundering linked to ACE Exchange, the Taipei Times reported Friday.
The post Over 30 People Charged In $24M Crypto Fraud Linked to Taiwan’s ACE Exchange appeared first on Cryptonews
Free Money? Polymarket Bet Pays 8% if China Doesn't Invade Taiwan
15.4.2024
Betting against that outcome could yield almost 8x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes presidential odds
iCan’s metaverse journey: Revolutionizing Taiwan’s culture
12.4.2024
In July 2022, iCan Entertainment, based in Taiwan, entered the Web3 space through its branch, iFA Capital, LTD., and its parent company. They wished to combine art, culture, and the newest technologies and launched into blockchain activities. They have their eyes set on designing special-edition...
Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case
10.4.2024
On April 8, a Taiwanese court charged David Pan, the founder of Ace Exchange, and six other people on allegations of money laundering and cryptocurrency fraud involving digital currencies worth $10.7 million.
The post Founder of Taiwan’s Ace Exchange Indicted in $10.7M Fraud Case appeared...
Taiwan Acknowledges Binance for Cooperating With Domestic Law Agencies
18.3.2024
The government of Taiwan has acknowledged the cooperation Binance has offered to domestic law enforcement agencies. According to local reports, Binance is the only offshore exchange that assists the government in dealing with virtual asset fraud cases, allowing authorities to access the accounts...
FSC Plans New Digital Asset Regulations Draft for Taiwan in September 2024
4.3.2024
The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024.
The post FSC Plans New Digital Asset Regulations Draft for Taiwan in September 2024 appeared first on Cryptonews
Taiwan’s ACE Exchange in Hot Water as Prosecutors Expand Fraud Probe
24.1.2024
Taiwanese prosecutors have expanded their investigation into ACE Exchange, requesting the detention of Chenhuan Wang, the president of the platform. The prosecutors have accused Wang of money laundering and fraud in connection with the alleged fraudulent activities orchestrated by David Pan,...
Report: Taiwan Police Arrest Crypto Exchange Bosses Accused of Fraud
7.1.2024
The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both cash and virtual currencies. Worthless Virtual...
Taiwanese Crypto Exchange ACE Founder, Employees Arrested Over Fraud Allegations
5.1.2024
Source: Pixabay Taiwan’s leading crypto exchange ACE and its masterminds have been accused of making false claims around speculative token listings to defraud investors. The local city police on Wednesday conducted multiple raids, arresting ACE founder David Pan, and co-conspirator Lin Nan. A total...
Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting
16.12.2023
Source: Pexels Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election. According to a report from Taiwan-based media outlet BlockTempo, the country’s...
Taiwanese Authorities Investigating Blockchain Betters over Polymarket Election Contract: Report
15.12.2023
The Presidential and Vice Presidential Election and Recall Act specifically prohibits gambling on elections
Taipei Blockchain Week Opens with Vitalik Buterin, Binance’s Richard Teng
14.12.2023
Taipei Blockchain Week 2023 — Finance Cupcake. Photo by: Tanzeel Akhtar Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1’s role in Web3’s...