The Taiwan Financial Supervisory Commission (FSC) plans to propose a draft law on virtual asset service providers (VASPs) in June 2025, allowing banks in Taiwan to issue stablecoins. While stablecoins are currently circulating in Taiwan, they have not been officially approved by authorities. The new law aims to regulate and integrate stablecoins into traditional and digital finance. All VASP providers are required to follow new registration regulations and complete the registration process. The FSC's new anti-money laundering (AML) regulations, which took effect in January 2025, require VASPs to complete AML compliance registration or face criminal penalties. Overall, the new regulations provide stronger legal protection for Taiwan's crypto industry.



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