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09/10/2026 11:35 AM EDT
On July 22, 2026, Taiwan promulgated the Virtual Asset Service Act, establishing formal licensing requirements for virtual asset service providers. The act also introduces regulations on the issuance and management of stablecoins in Taiwan. Taiwan’s legislature, the Legislative Yuan, passed the act on June 30, 2026.Virtual Asset Service ProvidersThe act defines “virtual assets” as “the digital representation of value that utilizes cryptography, distributed ledger technology, or other similar technologies that can be digitally stored, exchanged, or transferred, and can be used for payment or investment purposes.” This does not include digital representations of the New Taiwan dollar, foreign currencies, currencies issued by mainland China, Hong Kong, or Macau, securities, and financial assets issued pursuant to other laws and regulations. (Art. 3....
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Taiwan: Virtual Asset Service Act Enacted
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