Taiwan Charges 14 in $75 Million Crypto Laundering Case, Highlighting Regulatory Concerns

Taiwanese authorities have initiated legal action against 14 individuals, including alleged mastermind Shi Qiren, for their involvement in a massive cryptocurrency money laundering scheme exceeding $75 million. The operation utilized unlicensed platforms such as CoinW and CoinThink to exploit fake platforms and evade regulatory oversight. This case underscores the growing sophistication of crypto-related financial crimes and has prompted calls for stronger regulatory frameworks to prevent similar occurrences.