Taiwan Passes Virtual Asset Service Provider Act to Expand Crypto Regulation
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On June 30, 2026 Taiwan passed the Virtual Asset Service Provider Act, creating a broader crypto regulatory framework that defines seven categories of VASPs including exchanges, custodians and lenders. The law requires stablecoin issuers to obtain approval, maintain reserves and undergo regular audits, and forces existing VASPs to secure FSC licenses within set timelines, boosting compliance and security for CEX and DeFi services and token issuance. The regulatory clarity is likely to support institutional adoption and market integrity while increasing oversight of fundraising and protocol operations.
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- Taiwan approved a new crypto law covering VASPs, stablecoins, and market conduct.
- Stablecoin issuers must secure approval, maintain reserves, and complete regular audits.
- Existing VASPs must obtain FSC licenses within the timelines set under the new law.
Taiwan has approved new legislation that creates a broader legal environment for regulating the country’s virtual asset industry. On June 30, 2026, the Legislative Yuan passed the Virtual Asset Service Provider Act in its third reading, marking a shift from rules focused on anti-money laundering requirements to a broader regulatory framework covering business operations, stablecoin issuance, market conduct, and licensing.
The new law identifies seven categories of virtual asset service providers (VASPs), including exchanges, trading platforms, transfer service providers, custodians, underwriters, lenders, and other…
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