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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: