Original sourcecryptobriefing.com
Summary
Taiwan's Financial Supervisory Commission (FSC) is drafting nine sub-regulations under the Virtual Asset Service Act (VASA), expected to be fully implemented in Q1 2027, replacing the current AML registration scheme. The new regime covers seven categories of licensed activities, including exchanges…
Key points
- Taiwan's regulatory framework will affect the Asian crypto market, with direct compliance implications for exchanges and stablecoin issuers operating in Taiwan.
- Taiwan's shift to a full licensing regime raises entry barriers but provides clearer operational environment for compliant entities.
- Crypto businesses must expedite license applications and adapt stablecoin product designs to distinguish between local and foreign stablecoins; non-compliance risks criminal liability.
Editorial note
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