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coinpedia 2025-01-23 08:40:53

Taiwan to Introduce Virtual Asset Law by June 2025

The post Taiwan to Introduce Virtual Asset Law by June 2025 appeared first on Coinpedia Fintech News Taiwan’s FSC plans to propose a virtual asset law by June 2025, allowing banks to issue stablecoins for the first time. Stablecoins will serve as a bridge between legal tender and cryptocurrency, offering a secure trading portal for investors. Current tokens like USDT and USDC remain unapproved, but future issuances will require FSC approval. Stricter anti-money laundering (AML) rules, effective January 2025, mandate VASPs to register and comply with enhanced regulations. Non-compliance could lead to severe penalties, aligning Taiwan’s crypto framework with traditional financial standards to attract institutional investors.

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