Despite Taiwan’s issuance of guidelines for Virtual Asset Service Providers (VASPs) and the establishment of self-regulating associations by local operators, Alchemy Pay, a registered company in Lithuania, does not appear on the list of VASP compliant operators. Although the company requires KYC (Know Your Customer) from its customers, it may have inadvertently violated Taiwan’s relevant regulations.
From Convenience Stores to Currency Exchangers Alchemy Pay Enables CashtoCrypto Transactions at Taiwans Convenience Stores Is Alchemy Pay a VASP in Taiwan