Legislative Yuan Passes Virtual Asset Service Provider Act

Announcement Information

Back to Homepage

Announcement Information

Press Release

Press Release

_

FACEBOOK

Line

Twitter

Print-Friendly

Back to Previous Page

Legislative Yuan Passes "Virtual Asset Service Provider Act" at Third Reading

2026-06-30

The Legislative Yuan passed the draft "Virtual Asset Service Provider Act" at third reading on June 30, 2026 (Year 115 of the Republic of China). The Financial Supervisory Commission (FSC) expresses sincere gratitude to all committee members for their support and for the valuable opinions provided during the review process, which have made this bill more comprehensive.

The key points of this legislation are as follows:

1. Strengthened Regulation of Virtual Asset Service Providers (VASPs): Clearly define the types and scope of VASPs, including seven categories of service providers: exchange providers, trading platform providers, transfer providers, custody providers, underwriting providers, lending providers, and others. Regulations cover their financial and business operations, qualifications of responsible persons and business personnel, internal control and audit systems, information security system management, mechanisms for reviewing virtual asset listings and delistings, segregation of client assets, outsourcing of operations, civil compensation liability to clients, and financial report submissions.

2. Clear Regulation of Stablecoin Issuance and Management: Issuing stablecoins within the territory of Taiwan requires approval from the Central Bank and permission from the FSC. Issuers must maintain fully backed reserve assets and deliver them to a trust, and must undergo regular audits and information disclosure.

3. Prevention of Unfair Market Practices: Strengthen market conduct regulations, explicitly prohibiting unfair practices such as false fraud or price manipulation. Violators may face imprisonment of 3 to 10 years and/or a fine of NT$10 million to NT$200 million.

4. Transition Period for Existing Operators: The effective date of this Act shall be determined separately by the Executive Yuan. VASPs that have completed anti-money laundering registration or financial institutions that have provided related services in accordance with FSC regulations prior to the implementation of this Act must apply for permission from the FSC within 12 months after the Act's implementation, and obtain permission and licenses from the FSC within 21 months after implementation. This period may be extended by up to 3 months, once, if necessary.

The FSC stated that following the legislative passage of this Act, VASP management will be elevated from "anti-money laundering" to "comprehensive sound operation and market order," further strengthening the protection of traders' rights and interests. Simultaneously, issuing stablecoins within Taiwan will help Taiwan align with international standards and secure a place in the global virtual asset market, significantly contributing to the long-term sound development of Taiwan's virtual asset market.

In the future, the FSC will actively continue the drafting of authorized subordinate regulations. In accordance with the attached resolutions passed by the Legislative Yuan's Committee on Financial Affairs and recommendations from committee members, the FSC will closely communicate and discuss with relevant industry associations and other stakeholders, incorporating external opinions to perfect the regulatory framework.

Contact Unit: Securities and Futures Bureau, Broker Management Group Contact Phone: (02)2774-7342 For any questions, please email:
Our Commission's Public Opinion Mailbox

Page Views: 34

Last Updated: 2026-06-30

:::

Privacy Policy Declaration | Information Security Policy Declaration | Open Data Declaration of This Website | Subscribe to E-Newsletter | Latest E-Newsletter

Financial Supervisory Commission
Copyright 220232 No. 18, Section 2, Xianmin Avenue, Banqiao District, New Taipei City 220

FSC Electronic Map

Phone: (02)8968-0899
Fax: (02)8969-1215

FSC New York Representative Office: 1 E.42 Street, 13F, New York, NY 10017, U.S.A. Contact Phone: (1-212) 317-7326

FSC London Representative Office: 46-48 Grosvenor Gardens London SW1W 0EB, UK Contact Phone: (44-20)7628-1501

If you have specific suggestions for improving our global information network, please email us. Thank you.

Last Updated: 2026-06-30

Visitor Count: 61,467,747

Back to Top