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Binance's Collaboration with Taiwanese Authorities under Scrutiny Amidst Global Scrutiny

In a recent blog post, Binance, one of the world's largest cryptocurrency exchanges, revealed its partnership with Taiwanese authorities in uncovering a major money laundering scheme involving virtual assets. The case involves nearly NT$200 million (approximately US$6 million) being laundered through the exchange. While Binance asserts that this collaboration highlights its dedication to combatting financial crimes, the announcement has raised skepticism given the platform's controversial past and ongoing legal battles across the globe.