Legal Notice & Disclosure

Disclaimer: Not Financial Advice

All content on this site, including but not limited to articles, analysis, commentary, and social media posts, is provided for general informational and educational purposes only. It does not constitute investment advice, financial advice, tax advice, or legal advice of any kind.

This site and its operator are not a securities investment consulting enterprise licensed by Taiwan's Financial Supervisory Commission (FSC). The site content should not be regarded as securities investment consulting business as defined under Taiwan's Securities Investment Trust and Consulting Act, nor does it constitute investment advice as defined by the U.S. SEC or any financial regulator in any jurisdiction. Any cryptocurrency, token, Taiwan listed or OTC stock, U.S. security, or other financial instrument mentioned on this site does not represent the operator's recommendation to buy, sell, or hold such asset.

Any investment decision should be made at your own judgment, and you are encouraged to consult a qualified licensed financial advisor or relevant professional.

Content Type Distinction

• News aggregation: Organizes or summarizes factual information such as public market news, price data, and company announcements, without the operator's subjective judgment.
• Personal opinion: Personal views and market observations based on public information. These may contain bias or errors and should not be treated as professional investment advice.

Risk Warning

• Cryptocurrency: A highly volatile asset class that may rapidly lose substantial value or become worthless. It involves liquidity risk, technical risk, regulatory uncertainty, and fraud risk. Offshore exchanges mentioned on this site are generally not regulated by Taiwan's FSC, and your assets are not protected by Taiwan deposit insurance.
• Taiwan stocks: Involve market risk, industry risk, currency risk, and systemic risk. Past performance does not indicate future results.
• U.S. stocks: Additionally involve currency risk, cross-border tax issues such as U.S. withholding tax, time-zone trading risk, and different market regulatory environments.
• All investments involve risk, and you may lose part or all of your principal.

Affiliate Links

A core revenue source for this site includes affiliate marketing commissions. When you use referral links in site articles to register or transact on third-party platforms, this site receives promotional compensation from the service provider. This commission is paid by the provider, does not increase your cost, and does not affect any discount you should receive.

Articles containing affiliate links will clearly disclose that fact in the article. Current partners include but are not limited to cryptocurrency exchanges and related financial service platforms.

Card Directory: Referral Links and Taiwan Regulatory Notes

The card pages of this site's card directory (penchan.co/cards) contain referral links and invite codes. If you sign up or apply through them, this site may receive a referral reward paid by the card issuer or platform. The "Disclaimer and disclosures" note at the bottom of every /cards page says the same.

Card pages organize information only. They are not application, investment, or other professional advice. Fees, rewards, and eligibility are subject to the issuer's latest terms.

Regulatory Status in Taiwan

Under Article 6 of Taiwan's Money Laundering Control Act, a business or person providing virtual asset services must first complete anti-money-laundering (AML) registration with the Financial Supervisory Commission (FSC). Without it, they may not provide virtual asset services, and offshore providers may not provide them in Taiwan. The FSC's Securities and Futures Bureau (SFB) publishes the list of registered providers (SFB list). Taiwan's Virtual Asset Service Act was promulgated on July 22, 2026. As of September 2026 it is not yet in force; the Executive Yuan will set its effective date.

Whether a card issuer or related platform is registered depends on the company that actually provides the service. Absence from the warning list below does not mean a provider is registered.

Warning List

The warning list of Taiwan's virtual asset service provider trade association (中華民國虛擬資產服務商業同業公會) includes the following entries related to cards covered on this site. Dates are the publication dates on each entry page, and the entry pages are authoritative.

• Gate: May 6, 2026, reported by the SFB. Listed as not having completed AML registration with the FSC; the entry states that it may not provide virtual asset services in Taiwan or solicit Taiwan residents through advertising or similar means.
• Bybit: June 11, 2026, reported by the SFB. Same wording as above.
• Binance: August 10, 2026, reported by the trade association under its former name (中華民國虛擬通貨商業同業公會). Same wording as above.
• Pionex: January 5, 2024, reported by the SFB under the earlier regime. Listed as a virtual currency platform operator that had not filed an AML compliance statement with the FSC.
• OKX: June 7, 2024, reported by the SFB under the earlier regime. Also listed as a virtual currency platform operator that had not filed an AML compliance statement with the FSC.
• Bitget: the Bitget entry (February 26, 2024, earlier regime) names the bitget.com exchange. The Bitget Wallet card on this site has no entry.

The 2024 entries were issued under the earlier regime (AML compliance statements), before the current AML registration requirement.

Ambassador Roles & Conflicts of Interest

The operator currently serves as a Walrus Protocol community ambassador. This role is unpaid in fiat salary, but the operator acknowledges that it may involve intangible benefits such as project resource access or early information, creating a potential conflict of interest for Walrus-related content.

Articles involving Walrus-related projects will clearly disclose the author's ambassador status. Any changes to related holdings will be updated on this page.

Holdings Disclosure

The operator may hold positions in assets discussed on this site. If an article involves analysis of a specific token or stock, the operator will disclose whether they hold the relevant asset at the time of publication.

Holdings may change at any time. The operator does not commit to real-time updates on subsequent trading activity after publication.

AI-Generated Content

Some columns on this site, including "AI Pulse" and "Stock Radar," are automatically generated by AI tools and are not reviewed article-by-article by a human. The operator is responsible for the final published content.

Due to the technical limitations of large language models, AI-generated content may contain information errors, chronology issues, or omissions. Please verify against original sources. Articles generated by AI will be clearly labeled on the article page. If you find a significant error, you are welcome to report it using the contact information below.

Sponsored Content & Community Sponsorships

Some content on this site may be produced in collaboration with brands, platforms, or project teams, including but not limited to sponsored articles, co-created content, and brand partnerships. Such collaborations will be labeled at the beginning of the article or in another prominent position with terms such as "collaboration," "ad," or "sponsored."

Sponsored or commercial social media posts, including posts on X, will disclose the relationship in the post body with "#ad," "#collaboration," "#sponsored," or equivalent clear language. Posts containing affiliate links will also disclose that fact.

Copyright Statement

Copyright in original content on this site, including human-written articles, design, and layout, belongs to the operator. For AI automatically generated content, copyright ownership is determined by the degree of substantive human creative input under the interpretive views of Taiwan's Intellectual Property Office. Purely AI-generated content without substantive human creative input may not be protected by copyright law.

Without the operator's prior written consent, you may not reproduce, adapt, distribute, or publicly transmit this site's content in any form, except as otherwise provided by law.

Content Sourcing Policy

News aggregation content on this site, including columns such as "AI Pulse" and "Stock Radar," is based on factual information from multiple public news sources, synthesized by AI tools and rewritten in this site's own language. This site is committed to:

• Multi-source cross-referencing: Each article synthesizes factual information from multiple sources and does not rely on a single outlet.
• Source attribution: Important facts cited in articles include source references, and readers are encouraged to read the complete report at the original source.
• No single-source primary basis: No report relies on a single news source as its primary basis.
• Non-competitive summarization: This site does not structurally rewrite or competitively summarize any single source's in-depth reporting.
• Respect for copyright: This site respects the copyright of all content creators and news media.

This site continuously improves its content production process. If you find specific content that may raise copyright concerns, please contact [email protected].

Copyright Notice

If you believe any content on penchan.co infringes your copyright or other intellectual property rights, please notify the operator through the following channel:

The operator commits to acknowledging receipt within 120 hours after receiving a valid notice and completing review within a reasonable period, taking appropriate measures including but not limited to modifying or removing disputed content.

Content Accuracy & Timeliness

This site strives to provide accurate information, but makes no express or implied warranty as to the completeness, correctness, timeliness, or applicability of the content. Financial markets change rapidly, and site content may become inapplicable after publication due to market changes. All data, prices, and statistics reflect conditions at a specific point in time only.

Third-Party Links & Services

Articles on this site may contain hyperlinks to third-party websites solely for readers' convenience. The operator is not responsible for the content, privacy policies, or security of third-party websites, and such links do not imply the operator's endorsement or recommendation.

Governing Law & Jurisdiction

The interpretation and application of this site's notices and policies are governed by the laws of the Republic of China (Taiwan). If any dispute arises from this site's content, both parties agree to first resolve it through good-faith negotiation. If negotiation fails, the Taiwan Taipei District Court shall be the court of first instance.

Severability

If any provision of this notice is held invalid or unenforceable by a court with jurisdiction, the validity of the remaining provisions will not be affected.

Contact & Amendments

If you have any questions about this notice, please contact us through the channels above. This notice may be updated at any time. Revised versions will be published on this site and the "Last updated" date will be updated.