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