RegAlert

Taiwan: fintech & payments regulation — 2026-08

Regulated

VASP licensing via FSC under new 2026 Act; traditional payments regulated by CBOT/FSC

Frozen snapshot — the guide as it stood at the end of 2026-08. See the live guide for the current state.

Taiwan has established a comprehensive regulatory framework for virtual asset service providers (VASPs) with the passage of the Virtual Asset Service Provider Act in June 2026, overseen by the FSC. Traditional payment and banking activities remain under the purview of the Central Bank of the Republic of China (Taiwan) and the FSC, with strict licensing requirements for foreign exchange and interbank settlements.

Which licence do you need?

Your activityRequirementCapitalTimelineAuthority
Payment processing / gatewayLicencePayment Institution License

Requires CBOT approval for payment service operations

TWD 10m6-12 monthsFSC / CBOT
E-money & wallet issuanceLicenceElectronic Payment Institution License

Strict capital and governance requirements apply

TWD 10m6-12 monthsFSC
Domestic money transferLicenceMoney Remittance License

Subject to AML/CFT regulations

TWD 10m6-12 monthsFSC
Cross-border remittanceLicenceCross-border Remittance License

Requires CBOT foreign exchange compliance

TWD 10m6-12 monthsFSC
Agent networkLicencePayment Service Provider Licenseverify with regulator

Limited scope for agent networks

TWD 5m3-6 monthsFSC
Open banking / account informationUncertainverify with regulator

No specific open banking law identified

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Foreign-exchange servicesLicenceForeign Exchange Broker License[1]

Strict capital and reporting obligations

TWD 50m6-12 monthsCBOT

New — what changed recently

  • 2026-06-30Virtual Asset Service Provider Act — Legislative Yuan passed the VASP Act, establishing comprehensive operational and market order standards for virtual asset service providers.[2]
  • 2026-06-30Amendment to Standards for the Establishment of Commercial Banks — Article 18-1 amended to modify provisions governing the formation of commercial banks.[3]
  • 2024-12-02Regulations Regarding Authorization Provisions of the Foundations Act — CBOT issued updated regulations concerning authorization provisions under the Foundations Act.[4]

Market-entry checklist

  1. 1Secure VASP License from FSCApply for VASP license under the 2026 Act with TWD 50m capital.
  2. 2Obtain Payment Institution LicenseSecure FSC approval for payment services with TWD 10m capital.
  3. 3Comply with AML/CFT RegulationsImplement strict AML/CFT frameworks as required by law.
  4. 4Register with CBOT for ForexObtain CBOT license for foreign exchange operations if applicable.
  5. 5Establish Segregated CustodyEnsure customer assets are held in segregated accounts.

Sources

  1. Regulations Governing Foreign Exchange Brokers · 2018-12-14
  2. Legislative Yuan Passes Virtual Asset Service Provider Act · 2026-06-30
  3. Amendment to Article 18-1 of the Standards for the Establishment of Commercial Banks · 2026-06-30
  4. Regulations Regarding Authorization Provisions of the Foundations Act by the Central Bank of the Republic of China (Taiwan) · 2024-12-02