Taiwan’s largest crypto money laundering case involved 14 suspects accused of moving over NT$2.3 billion through unlicensed CoinW and BitShine operations, prompting seizure orders of NT$1.275 billion and stricter AML action by Taiwan regulators to curb illicit digital-asset activity.
Largest case in Taiwan: NT$2.3 billion allegedly laundered through unlicensed crypto operations.
14 people charged, including business figures tied to CoinW and BitShine Technology franchise outlets.
Authorities seek NT$1.275 billion in asset seizures; on-chain freezes reported as investigations continue.
Meta description: Taiwan crypto money laundering probe exposes NT$2.3B unlicensed scheme tied to CoinW/BitShine; prosecutors seek NT$1.275B seizure—read the latest on enforcement.
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Taiwan’s largest crypto money laundering case is a prosecution alleging that 14 people laundered over NT$2.3 billion via unlicensed virtual asset operations tied to CoinW and BitShine Technology franchise outlets. Prosecutors have sought NT$1.275 billion in seizures and reported on-chain asset freezes as investigations continue.
Authorities named 14 defendants including business leader Shi Qiren, his wife, and a business director identified as Yang. Charges focus on operating unlicensed exchange services and facilitating large-scale money laundering through franchise locations and online platforms.
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Source: https://en.coinotag.com/taiwan-investigation-may-involve-bitcoin-in-alleged-75m-coinw-money%E2%80%91laundering-scheme/