ChainCatcher news, according to the Economic Daily, the Financial Supervisory Commission (FSC) of Taiwan plans to propose a draft law for virtual asset service providers (VASP) in June 2025, allowing banks to issue stablecoins for the first time.FSC Chairman Peng Chin-long stated that stablecoins will serve as a bridge between fiat currency and virtual currency, providing investors with a trading entry point. All stablecoins issued in Taiwan must be approved by the FSC, including requirements for issuance qualifications and reserves. This policy will be coordinated with the central bank to clarify the distinction from CBDC and assess the application of stablecoins in the real economy.

ChainCatcher news, according to BlockTempo, Taiwan legislator Jiang Yongchang held a press conference yesterday, announcing that he will propose the first special law on virtual assets in Taiwan during this legislative session.The drafted bill includes 12 items, including:Virtual asset industry as a licensed industry, subject to tiered management;Virtual asset operators must join a guild and comply with the guild's self-regulatory norms;Virtual asset operators may issue virtual assets themselves or on behalf of others;Virtual asset operators may operate products, services, and financial products derived from virtual assets;Virtual asset operators must establish review procedures for listing and delisting virtual assets and trading rules;Regulations on the separation of virtual asset operators' and clients' assets;Regulations on contracts and advertising marketing between virtual asset operators and clients;Cybersecurity standards for virtual asset operators;Regulations on anti-money laundering and internal control systems for virtual asset operators;Virtual asset operators must comply with financial supervision by competent authorities and cooperate with inspections by competent authorities;Establish a virtual asset fund to ensure the protection of client rights;Prohibition of improper trading practices in virtual assets.