Overview
- FSC Chair Peng Jin-long told lawmakers the Virtual Assets Service Act could clear its third reading this week, setting up final passage.
- Following enactment, regulators plan a six-month window to draft stablecoin rules covering reserves, custody and other safeguards.
- Authorities have agreed that only financial institutions will issue in the initial phase, with potential for broader participation later.
- The peg has not been chosen, with options including the New Taiwan dollar or the U.S. dollar given existing controls on offshore TWD use.
- Taiwan has tightened AML oversight with VASP registration due by September 2025, and senior officials are studying limited Bitcoin policy initiatives.