Taiwan’s sweeping crypto law raises the bar with licensing, reserve mandates, and tough penalties
Taiwan has passed a sweeping new law to regulate its crypto sector, sending the bill to the President for final approval.
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Summary
- Taiwan has passed a sweeping new law to regulate its crypto sector, requiring all virtual asset service providers to obtain licenses and comply with stricter operational, governance, and custody standards.
- The legislation also imposes tough penalties for violations and introduces tighter rules for stablecoins, signaling a shift from basic AML oversight to full-scale regulatory supervision.
