Focus Taiwan
Date: 2018/04/02 
By: Chiu Po-sheng and Frances Huang

Taipei, April 2 (CNA) Taiwan’s central bank Governor Yang Chin-long (楊金龍) said Monday that transactions of the cryptocurrency Bitcoin should be regulated by anti-money laundering rules.

In a hearing held by the Finance Committee of the Legislative Yuan, Yang, who took the helm of the central bank in late February, suggested that the Ministry of Justice include Bitcoin into the purview of Taiwan’s Money Laundering Control Act due to the digital currency’s lack of regulation.

With more and more investors chasing the virtual currency, many countries have been watching closely whether Bitcoin is being used for money laundering.

The United States is one of those countries. In the most recent case, a Bitcoin trader in Arizona has just been found guilty of money laundering by a Phoenix Federal Jury.
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