CBSR · 证据资料库
台湾稳定币监管证据 | CBSR 历史快照
浏览 14 条台湾稳定币监管记录，核对发行路径、储备、收益边界、来源定位、效力与复核状态；数据为 CBSR 2026 年 8 月 20 日历史快照。
本法域应如何阅读
台湾快照记录已制定未施行的稳定币框架，并与既有 AML 登记层区分。子法、施行及新台币或美元锚定问题仍是明确依赖。快照中的制定措辞与日期是历史来源字段，不是 10 月 17 日重新核验后的结论。
覆盖与未完成复核
四个监管问题与对应证据
发行准入路径
tw-frs-issuer_pathway-001
快照将发行许可列为已制定但未施行框架内容，并保留公司形式、初期银行参与及子法依赖；不能从框架存在推导某发行人已经获牌。
快照记录原文 · 不是法条逐字引文
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.储备与资产支持
tw-frs-reserve_backing-001
记录把全额、境内金融机构持有及资产隔离列为未施行框架内容；既有 AML 登记并不自动产生这些储备规则。
快照记录原文 · 不是法条逐字引文
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.允许活动与收益边界
tw-frs-permitted_activity_yield-001
记录中的利息或其他收益禁止以框架施行为前提，在本快照中仍标为 made_not_commenced。
快照记录原文 · 不是法条逐字引文
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.货币主权与跨境准入
tw-frs-monetary_sovereignty-001
记录保留锚定新台币还是美元的待定问题，并未列出已施行的稳定币专门货币主权上限。
快照记录原文 · 不是法条逐字引文
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.完整记录清单
| 记录 / 维度 | 来源定位原文 | 效力状态 | 复核时效 | 来源检查日 |
|---|---|---|---|---|
| 反洗钱与客户识别 | 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 | 已制定并生效（快照标签） · in_force_enacted | 复核已逾期 · stale | 2026-06-27 · 2026-06-27 |
| 银行及非银行路由 | Issuance/routing architecture: delegated to FSC subsidiary legislation (enacted, not commenced) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 资本要求 | Capital: FSC to specify (enacted, not commenced; figures pending FSC subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 跨境数据 | Cross-border data — PDPA + competent-authority restrictions | 已制定并生效（快照标签） · in_force_enacted | 复核时效未知 · unknown | 无已记录证据 |
| 披露与报告 | Disclosure/supervision: take effect on commencement (enacted, not commenced; detail pending subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 分销 | Distribution: offering provisions take effect on commencement (enacted, not commenced; pending FSC subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 实施状态 | Gazette No. 7872, pp. 2-22; promulgation 22 Jul 2026. Commencement/subordinate-rule mapping pending | 已制定并生效（快照标签） · in_force_enacted | 复核时效未知 · unknown | 无已记录证据 |
| 发行准入路径 | Issuer pathway: FSC licence; share company; banks lead. Enacted at third reading, not yet commenced (awaiting subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 货币主权与跨境准入 | Monetary sovereignty: framework enacted, operative cap and peg-currency decision pending (not commenced) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 允许活动与收益边界 | Yield: prohibition on interest/other returns to holders (enacted, not commenced; operative on commencement) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 赎回 | Redemption: par issuance and redemption (enacted, not commenced; pending FSC subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 监管机构 | AML registration in force; VAS Act Arts. 2, 7-9; promulgated 22 Jul 2026, commencement mapping pending | 已制定并生效（快照标签） · in_force_enacted | 复核时效未知 · unknown | 无已记录证据 |
| 储备与资产支持 | Reserve/backing: full reserves at domestic FIs, segregated (enacted, not commenced; pending FSC subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |
| 证券属性认定 | Securities characterization: within the FSC virtual-asset perimeter (enacted, not commenced; boundary pending subsidiary legislation) | 已制定但未施行 · made_not_commenced | 复核时效未知 · unknown | 无已记录证据 |