Taiwan's legislature passed the Virtual Asset Service Act, requiring all crypto firms to be licensed by the FSC and stablecoin issuers to hold full reserves in trust, with up to 7 years prison for operating without a license.
Taiwan's comprehensive crypto law brings regulatory clarity and consumer protections, which is positive for the industry's long-term legitimacy. Clear licensing paths and stablecoin rules reduce uncertainty for businesses operating in Taiwan.
Coinporta summarises news for fast scanning. Full reporting belongs to the source.