Taiwan's Financial Supervisory Commission (FSC) has proposed new anti-money laundering (AML) regulations for cryptocurrency firms. Starting January 2025, these regulations require virtual asset service providers (VASPs) to register for AML compliance by September 2025. Non-compliance with these rules could result in penalties, including up to two years in prison and fines of up to NT$5 million ($155,900). The FSC's move aims to strengthen the regulatory framework around cryptocurrencies and enhance financial transparency.