Taiwan virtual asset regulatory development

Taiwan is establishing a comprehensive regulatory framework for the virtual asset industry following the passage of the Virtual Asset Service Act. This legislation transitions oversight from basic anti-money laundering measures to a full financial supervisory model. The framework covers exchanges, custody, lending, and underwriting, requiring existing providers to obtain licenses within 12 to 21 months while meeting stricter standards for capital and information security. Additionally, the Financial Supervisory Commission has proposed updates to the ‘Travel Rule’ to align with international standards, requiring identity verification for transfers exceeding NT$30,000.

Following these legislative steps, the industry is moving toward practical implementation and integration with traditional finance. The Taipei Exchange announced a Virtual Asset Forum for November 2026 to discuss regulatory evolution and market challenges. Simultaneously, private sector developments include the launch of ‘Bito. ONE’, a stablecoin settlement pilot program by BitoGroup and E.SUN Bank. This initiative aims to connect virtual assets with traditional banking by allowing businesses to manage stablecoin payments and fiat exchange through corporate internet banking interfaces.