Taiwan's Financial Supervisory Commission to Implement Virtual Asset Regulations by Q1 Next Year

The Chairman of Taiwan's Financial Supervisory Commission, Peng Chin-long, stated that the "Virtual Asset Service Act" was passed on June 30 this year after three readings. The Commission is currently drafting nine subsidiary regulations covering stablecoin-related norms, which are expected to be announced and implemented by the first quarter of next year. With the development of technologies such as AI and blockchain, Taiwan and global financial markets are moving towards a parallel system of traditional finance, digital finance, and blockchain finance. The demand for cross-border payments, trade financing, and capital allocation in the semiconductor supply chain is increasing, and stablecoins, blockchain, and financial technology are seen as new infrastructure supporting cross-border capital flows.

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