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Binance Collaborates with Taiwan to Resolve Multi-Million Crypto-Assisted Money Laundering Case

Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering. The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million. The criminal operation had been facilitating money laundering for scam groups using virtual assets for an extended period. Last week, the Financial Intelligence Unit of India (FIU-IND) revealed that Binance has successfully registered with the regulatory body, returning to the country after some regulatory hurdles.

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