Taiwan's Legislative Yuan passed the Virtual Asset Service Act, requiring all crypto exchanges and platforms to obtain FSC licenses, imposing 100% reserve mandates for stablecoins, and introducing prison sentences of up to 10 years for violations.
Clear regulatory framework brings legal certainty for crypto businesses in Taiwan, with licensing paths and consumer protections. While strict, the law legitimizes the industry rather than banning it, which is positive for long-term adoption.
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