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Taiwan s Money Laundering Control Act Applies To Virtual Currency Businesses - Government, Public Sector

To print this article, all you need is to be registered or login on Mondaq.com. Although the Central Bank of Taiwan and the Financial Supervisory Commission (the FSC ) has characterized Bitcoin as highly speculative virtual goods rather than legal currency in 2013, the legislator has amended the Money Laundering Control Act (the MLCA ) on November 7, 2017, which stipulates that virtual currency platforms and trading businesses must comply with the anti-money laundering (AML) regulations applicable to financial institutions. In addition, the Executive Yuan has issued a ruling on April 7 this year (2021) designating that any entity which operates the following businesses should fall within the scope of the MLCA:

Tech Stock Hot Potato, Inflation, the Pain Trade, Dips in Chips, Trading Exxon

Tech Stock Hot Potato, Inflation, the Pain Trade, Dips in Chips, Trading Exxon Clearly, professional portfolio managers are now positioning themselves for a changed environment. May 11, 2021 | 07:39 AM EDT You could see it building a couple of months back. March was truly sloppy. The front half of April brought baseball, and another rally for the Information Technology sector. Now, for a couple of weeks this time, you can see it again. Capital flow is moving away from high valuation, or growthy type names and into businesses that either produce, sell, or transport the kinds of things that hurt if you drop them on your foot.

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