Taiwan FSC drafts nine regulations under Virtual Asset Service Act for Q1 2027

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Taiwan is building out one of Asia’s most detailed crypto regulatory frameworks, and it’s moving fast. The Financial Supervisory Commission (FSC) is drafting nine sets of supplementary regulations under the Virtual Asset Service Act, with a target of having them finalized and enforced by the first quarter of 2027. The Act itself, a 56-article piece of legislation, cleared the Legislative Yuan on June 30, 2026. What the Act covers FSC Chairman Peng Jin-lung announced on September 2, 2026, that the nine regulatory packages will flesh out the Act’s requirements across a wide range of crypto activities. The law defines seven categories of licensed operations: exchanges, trading platforms, transfers, custody, underwriting, lending, and a catch-all “others” category. Each business category requires its own separate license. A firm running both an exchange and a custody service would need two distinct approvals. The FSC is the sole regulator for all of it, consolidating oversight that was previously more fragmented. Stablecoins get particularly granular treatment. Domestic stablecoin issuers must obtain FSC permission, peg their tokens to a fiat currency, and maintain 1:1 reserves held in...

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