Binance adjusts P2P market rules in New Taiwan Dollar: unverified merchants will have their ads removed

Binance announced that due to the new regulations of Taiwan's Money Laundering Prevention Act, which will take effect on November 30, 2024, all New Taiwan Dollar (TWD) market merchants, including cash traders, who have not passed P2Pro certification (i.e. have not obtained approval from the Taiwan Monetary Authority's anti money laundering compliance statement) will have their advertisements removed from the Binance P2P platform on November 29, 2024. Only merchants certified by P2Pro can continue to operate in the TWD market, and unverified individuals will be prohibited from posting advertisements or providing TWD and virtual asset trading services. Binance encourages merchants to apply for money laundering prevention registration with the Taiwan Monetary Authority starting from November 30, 2024, and to apply for P2Pro merchant certification after obtaining approval.