CBSR · evidence library
Taiwan stablecoin regulation evidence | CBSR historical snapshot
Explore 14 Taiwan stablecoin regulatory records with source locators, issuer pathways, reserve and yield rules, legal-force and review status in the 20 August 2026 CBSR snapshot.
Read this jurisdiction in context
Taiwan's snapshot records an enacted-but-not-commenced stablecoin framework and separates it from the existing AML-registration layer. Subsidiary rules, commencement and the NTD-versus-USD peg question remain explicit dependencies. The snapshot's enactment wording and dates are historical source fields, not a new 17 October verification.
Coverage and unresolved review work
Four regulatory questions and their evidence
Issuer pathway
tw-frs-issuer_pathway-001
Snapshot record wording · not a statutory quotation
No stablecoin issuer is licensed yet: the licensing regime is enacted but not yet commenced. The Virtual Asset Service Act, passed at third reading on 30 Jun 2026, requires an FSC licence for stablecoin issuance, available to a share company (corporation limited by shares), with banks expected to lead initial issuance. The Act awaits FSC subsidiary legislation (roughly nine subordinate items, indicative timetable around Q1 2027) and has no gazetted commencement date, so these provisions are enacted law not yet in force.Reserve and backing
tw-frs-reserve_backing-001
Snapshot record wording · not a statutory quotation
the Virtual Asset Service Act (enacted at third reading 30 Jun 2026, not commenced) requires full reserves held at domestic financial institutions, segregated from the issuer's own property. The operative reserve detail awaits FSC subsidiary legislation; the only in-force layer is AML registration, which imposes no reserve requirements.Permitted activity and yield
tw-frs-permitted_activity_yield-001
Snapshot record wording · not a statutory quotation
the Virtual Asset Service Act (enacted at third reading 30 Jun 2026, not commenced) prohibits paying interest or other returns to holders. This yield prohibition aligns Taiwan with the prohibition cluster (EU, Hong Kong) rather than the permission cluster (Switzerland, Brazil); it takes operative effect on commencement, which awaits FSC subsidiary legislation.Monetary sovereignty
tw-frs-monetary_sovereignty-001
Snapshot record wording · not a statutory quotation
the Virtual Asset Service Act (enacted at third reading 30 Jun 2026, not commenced) creates the framework, but no operative monetary-sovereignty cap is yet in force. The backdrop is the central bank's control of the NTD and the offshore-NTD posture; the peg currency for a Taiwan stablecoin (NTD vs USD) is officially undecided and is the defining open question, to be settled through commencement and FSC/CBC subsidiary rules.Complete record inventory
| Record / dimension | Recorded source locator | Binding status | Freshness | Source check date |
|---|---|---|---|---|
| AML and KYC | Money Laundering Control Act (洗錢防制法) Art. 6 (amended 31 Jul 2024); VASP registration regime in force 30 Nov 2024 (non-registration: up to 2 yr + NT$5m individuals / NT$50m entities); VASPs classified into 5 types | in_force_enacted | stale | 2026-06-27 |
| Bank and non-bank routing | Issuance/routing architecture: delegated to FSC subsidiary legislation (enacted, not commenced) | made_not_commenced | unknown | Not evidenced |
| Capital requirements | Capital: FSC to specify (enacted, not commenced; figures pending FSC subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Cross-border data | Cross-border data — PDPA + competent-authority restrictions | in_force_enacted | unknown | Not evidenced |
| Disclosure and reporting | Disclosure/supervision: take effect on commencement (enacted, not commenced; detail pending subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Distribution | Distribution: offering provisions take effect on commencement (enacted, not commenced; pending FSC subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Implementation status | Gazette No. 7872, pp. 2-22; promulgation 22 Jul 2026. Commencement/subordinate-rule mapping pending | in_force_enacted | unknown | Not evidenced |
| Issuer pathway | Issuer pathway: FSC licence; share company; banks lead. Enacted at third reading, not yet commenced (awaiting subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Monetary sovereignty | Monetary sovereignty: framework enacted, operative cap and peg-currency decision pending (not commenced) | made_not_commenced | unknown | Not evidenced |
| Permitted activity and yield | Yield: prohibition on interest/other returns to holders (enacted, not commenced; operative on commencement) | made_not_commenced | unknown | Not evidenced |
| Redemption | Redemption: par issuance and redemption (enacted, not commenced; pending FSC subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Regulatory authority | AML registration in force; VAS Act Arts. 2, 7-9; promulgated 22 Jul 2026, commencement mapping pending | in_force_enacted | unknown | Not evidenced |
| Reserve and backing | Reserve/backing: full reserves at domestic FIs, segregated (enacted, not commenced; pending FSC subsidiary legislation) | made_not_commenced | unknown | Not evidenced |
| Securities classification | Securities characterization: within the FSC virtual-asset perimeter (enacted, not commenced; boundary pending subsidiary legislation) | made_not_commenced | unknown | Not evidenced |