Taiwan Advances Crypto Regulation With New VASP and Stablecoin Framework

Taiwan’s Legislative Yuan passed the Virtual Asset Service Act on its third reading on June 30, moving crypto oversight beyond narrow anti-money-laundering rules. The law rewrites how virtual asset service providers (VASPs) and stablecoin issuers operate, introducing licensing requirements, reserve rules, and criminal penalties. Taiwan Lawmakers Pass Sweeping Crypto Regulation Law The Financial Supervisory Commission