Taiwan to Introduce Virtual Asset Law by June 2025

Taiwan’s FSC plans to propose a virtual asset law by June 2025, allowing banks to issue stablecoins for the first time. Stablecoins will serve as a bridge between legal tender and cryptocurrency, offering a secure trading portal for investors. Current tokens like USDT and USDC remain unapproved, but future issuances will require FSC approval. Stricter anti-money laundering (AML) rules, effective January 2025, mandate VASPs to register and comply with enhanced regulations. Non-compliance could lead to severe penalties, aligning Taiwan’s crypto framework with traditional financial standards to attract institutional investors.