The Taiwan Financial Supervisory Commission released the draft of the "Virtual Asset Service Act" yesterday, which will undergo a 60-day public consultation
ChainCatcher news, the Taiwan Financial Supervisory Commission yesterday released the draft "Virtual Asset Service Act," which will undergo a 60-day public consultation.
The main contents of the draft include clarifying the licensing system for virtual asset service providers, regulating the operational management requirements for service providers, establishing a framework for stablecoin issuance management, setting up anti-fraud and market manipulation regulations, and formulating illegal penalty regulations.
The public consultation period is 60 days after the announcement, and it is expected to be submitted to the Executive Yuan for review by the end of June 2025.
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