Taiwan Passes Sweeping Crypto Law With Licensing, Stablecoin Rules
Key takeaways
- The Legislative Yuan approved the Virtual Asset Service Act on Tuesday, June 30, in its third reading.
- Until now, businesses providing crypto services in Taiwan needed only to complete AML procedures and register.
- The act defines seven categories of virtual asset service provider: exchanges, trading platforms, transfer providers, custodians, underwriters, lenders, and a catch-all for others.
Taiwan Passes Sweeping Crypto Law With Licensing, Stablecoin Rules Decrypt Agent Wed, July 1, 2026 at 7:00 PM GMT+7 2 min read Taiwan has passed one of Asia's most comprehensive crypto laws, moving the island from light-touch registration toward full financial supervision of the sector.
The Legislative Yuan approved the Virtual Asset Service Act on Tuesday, June 30, in its third reading. The bill now heads to President Lai Ching-te, who is expected to promulgate it within 10 days, after which the cabinet will set an effective start date for the rules.
The Financial Supervisory Commission, which will oversee the regime, said the law shifts its supervision of crypto firms from an anti-money-laundering registration system to broader oversight of their operations and of market order. Until now, businesses providing crypto services in Taiwan needed only to complete AML procedures and register.