Taiwan

Eleven AML-registered VASPs today; the Virtual Asset Service Act of July 2026 will bring full licensing and stablecoin permits.

Licences

What it takes to operate in Taiwan: 4 licences, who issues each, what it covers and who holds one.

FSC · Money Laundering Control Act Art. 6; VASP AML Registration Regulations (2024)

Exchange between crypto and fiat or other crypto, trading platforms, transfers, custody, and services for token issuance or sale in Taiwan.

What it takes

Company or branch established in Taiwan, including for foreign VASPs
AML/CFT programme, customer due diligence and suspicious transaction reporting
Responsible persons free of fraud, money laundering or related convictions
Review of listing procedures, market manipulation controls, client asset segregation and cybersecurity
Membership of the VASP association and compliance with its self-regulatory codes

Holders include

11holders, 29 Sep 2026Register

FSC · Virtual Asset Service Act (2026) Arts. 6 to 13 and 55

Seven licence types: exchanger, trading platform, transfer, custodian, underwriter, lending and other services. Enacted but not yet in force.

What it takes

Company limited by shares, or a licensed financial institution or foreign VASP branch
Minimum capital and an operating guarantee deposit set by the FSC
Segregation of client assets, which stay outside the VASP's bankruptcy estate
Client fiat held in trust or backed by a full bank guarantee
Mandatory membership of the VASP association
Registered VASPs must apply within 12 months of commencement and be licensed within 21 months

No public count

FSC · Virtual Asset Service Act (2026) Arts. 34 to 41

Issuing a fiat-referenced stablecoin in Taiwan. Permit granted only with the Central Bank's consent; not yet in force.

What it takes

Company limited by shares with minimum paid-in capital set by the FSC
Full reserves held at domestic financial institutions, segregated and placed in trust, with regular audits
Part of reserves deposited with the Central Bank once issuance passes a set amount
Issuance and redemption at par, and no interest or yield to holders
Disclosure of circulation, reserve composition and external audit reports

No public count

FSC · Securities and Exchange Act; FSC STO framework (2019, relaxed 2022)

Securities firms operating platforms that offer and trade security tokens of up to NT$30 million per offering.

What it takes

Securities dealer licence with minimum paid-in capital of NT$100 million
NT$10 million performance bond
Professional investors only, with a NT$300,000 cap per natural person per offering
Per-platform offering cap of NT$200 million and data links to TDCC

No public count

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