
Taiwan Passes Landmark Law to Regulate Crypto and Stablecoins
Taiwan's Legislative Yuan has passed a new law establishing a regulatory framework for virtual asset service providers (VASPs) and stablecoins. The law requires VASPs to obtain licenses from the Financial Supervisory Commission (FSC) and stablecoin issuers to secure approval from the central bank and FSC, mandating sufficient reserves and audits. Violators face prison sentences and significant fines.

