The trading platform "Asia Pacific Easy Ant" BitAsset is involved in operations with mainland China capital, and two former executives have been indicted.

Taipei prosecutors sued the virtual currency exchange Asia-Pacific Ant BitAsset for violating the regulations on cross-strait people-to-people relations, and two previous responsible persons were prosecuted. (Synopsis: Bankers colluded with fraud syndicates to open head accounts "price code exposed for the first time", as cheap as the lawyers involved? (Background supplement: The scam was ridiculed by the police "how is it still alive" mother and daughter collapsed and died!) Behind the money laundering of veteran jeweler USDT) The Taipei District Prosecutor's Office on June 12 indicted virtual currency trading company Asia Pacific Ion Technology, former head Hu Zhilong, current registration head Guo Baicun and company representative Guo Hongze on charges including concealing mainland capital and violating the Company Law and the Regulations on Cross-Strait People's Relations. The case is based on a 2018 cooperation agreement, with Xinpai Blockchain Technology, a subsidiary of Xinpai Media Group, as the financial owner and technology provider behind it. The prosecutor found that Asia-Pacific Eco was in fact controlled by Chinese funds, and believed that the crypto trading platform focused on the concealment of mainland capital, so it was criminally prosecuted. Prosecutor's allegation: false capital increase of 5 million yuan, decision-making requires the consent of the Chinese side According to the indictment, Hu Zhilong remitted 5 million yuan to the account before the establishment of the company as proof of capital increase, and immediately withdrew it after completing the registration, violating the false capital provisions of the Commercial Accounting Law and the Criminal Law. The prosecutor stressed that major personnel, financial and business decisions must be approved by Xinpai Blockchain, and even the company's seals and documents must be signed off online through China's DingTalk platform. "The investigation shows that Asia Pacific Ion Technology Co., Ltd. is essentially controlled by China's Xinpai Blockchain, and the company's major personnel, financial and business decisions must be approved by the Chinese side, and even the company's printing and documents need to be signed off through China's 'DingTalk' platform." Guo Baicun took over as head in December 2018 and will serve until November 2023. The prosecution alleged that he knew about the background of mainland capital but still received salary in name, in violation of Article 73 of the Regulations on Cross-Strait People's Relations. The prosecution's investigation found that if there was a funding gap during the operation period, it was made up by Gao Yanxiang, an employee of Xinpai, through a third-party exchange. This move was regarded by the prosecution as direct evidence of the substantial control of mainland capital. Legislative Acceleration: VASP Law Public Hearing Debuts on the Same Day On the day the indictment was announced, the Legislative Yuan held a public hearing on the Virtual Asset Services Law to discuss VASP licenses, anti-money laundering and market manipulation defense lines. According to the central bank's information at the meeting, stablecoins account for more than 80% of Taiwan's crypto trading volume, and the competent authorities are concerned about transparency and cross-border capital flows. Regulatory trends in Asia Pacific are also tightening: the SFC requires centralized trading platforms to be licensed and compliant with KYC and anti-money laundering regulations; Japan amended its Payment Services Act to authorize the issuance of "domestic custody orders" for mismanaged foreign exchanges to protect investors. Related reports Paraguay's declaration of bitcoin as legal tender is "fake news", president X account stolen Beware of fraud Threads fished out the "virtual currency fraud bitter main string": shocked to lose 60 million, some people took out loans to gnaw toast to get by "Trading platform "Asia-Pacific Eco-Asset" BitAsset involved in land-funded operations, two responsible persons were prosecuted" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".