🚀 Binance Updates P2P Merchant Policies for Taiwan's TWD Market Amid New AML Regulations
#Binance #P2P #MerchantPolicies #Taiwan #TWD #AMLRegulations #Compliance #FinancialSupervisoryCommission #VirtualAssets
Binance has announced adjustments for peer-to-peer (P2P) merchants in the New Taiwan dollar (TWD) market, effective November 29, 2024. These changes align with Taiwan’s updated Money Laundering Control Act, which comes into effect on November 30, 2024.Key Changes:Only merchants with P2Pro verification status, approved under Taiwan's Financial Supervisory Commission (FSC) AML Compliance Statement, may continue operations and advertising in the TWD market.Merchants without this verification will have all advertisements removed from Binance P2P and will be prohibited from trading TWD or virtual assets.Binance urges affected merchants to apply for the FSC’s Money Laundering Prevention Registration starting November 30, 2024, to regain compliance. Upon obtaining approval, merchants can then apply for P2Pro Merchant status to resume operations.Stay updated and plan ahead to ensure uninterrupted business in the evolving regulatory landscape.#Binance #P2P #MerchantPolicies #Taiwan #TWD #AMLRegulations #Compliance #FinancialSupervisoryCommission #VirtualAssets
🚀 Goldman Sachs: Fed Rate Cut Expectations to Boost Asian Currencies and Bonds
#GoldmanSachs #FedRateCuts #AsianCurrencies #AsianBonds #EmergingMarkets #TWD #KRW #SGD #MYR #INR #IDR #PhilippineFiveYearBond #India30YearBond
Goldman Sachs economists said expectations of further U.S. Federal Reserve rate cuts will likely support Asian currencies and bond markets, according to a report cited by Jinshi Data.The bank maintains a bearish view on the U.S. dollar, projecting that emerging Asian markets could see notable gains in the coming months.Key highlights from the report:Currencies: Goldman Sachs expects the Taiwan dollar (TWD) and South Korean won (KRW) to outperform other Asian peers, including the Singapore dollar (SGD), Malaysian ringgit (MYR), Indian rupee (INR), and Indonesian rupiah (IDR).Bonds: Anticipated Fed easing should provide a tailwind for Asian bonds, particularly in the Philippine five-year bond and India’s 30-year bond markets.The analysis underscores how global monetary policy shifts are shaping investment flows into Asia, with both currency appreciation and bond demand expected to benefit from the Fed’s dovish pivot.#GoldmanSachs #FedRateCuts #AsianCurrencies #AsianBonds #EmergingMarkets #TWD #KRW #SGD #MYR #INR #IDR #PhilippineFiveYearBond #India30YearBond