
Taiwan Passes Sweeping Crypto Law With Licensing and Stablecoin Rules
Taiwan has approved legislation placing virtual asset firms under regulatory oversight for the first time and imposing reserve and trust requirements on stablecoins.

Festus Folo
Managing Editor, Africa · Lagos
Taiwan has adopted a comprehensive new law governing digital assets, bringing crypto firms under formal regulatory supervision for the first time and establishing rules for stablecoin issuers, according to reporting from Decrypt.
The move signals a maturing approach to crypto regulation in Asia that European policymakers and market participants are likely to watch closely, as jurisdictions around the world converge on similar frameworks for licensing and consumer protection.
What the Law Does
Under the new legislation, virtual asset service providers will fall under the oversight of Taiwan's Financial Supervisory Commission (FSC). This marks the first time such firms have been placed under a dedicated regulatory authority in the jurisdiction, replacing a lighter-touch environment with formal supervision.
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