Preventing Cryptocurrency Crimes by the Ministry of Justice: Collaboration with Binance Results in Billion-Dollar Fines and Founder's Imprisonment

Reported about 1 year ago

Amid the rise of cryptocurrency crimes, Wang Hong-wei questioned the Ministry of Justice's partnership with Binance during the review of the Money Laundering Prevention Act and the Anti-Fraud Criminal Harm Prevention Act. Wang expressed concerns over Binance's controversial activities in various countries and criticized Taiwan's collaboration with the company despite significant fines and criminal charges elsewhere. This collaborative effort involves educating prosecutors, investigators, and police on combating cryptocurrency crimes, raising doubts about aiding Binance's reputation.

Source: YAHOO

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