Taiwan's Financial Supervisory Commission governs crypto today through anti-money-laundering law: amendments effective at the start of 2025 replaced the old compliance-declaration system with mandatory registration for virtual asset service providers, backed for the first time by criminal penalties for operating unregistered, and an industry association operates under FSC guidance. The permanent architecture is pending: the FSC submitted a dedicated VASP statute to the legislative process in mid-2025, proposing licensing, customer-asset segregation and trust requirements, stablecoin issuance rules with central bank involvement, and market-conduct provisions, with passage anticipated as the next step.
The instruments
AML registration regime for VASPs
Mandatory FSC registration for virtual asset service providers, replacing the prior declaration system, with criminal liability for unregistered operation and ongoing AML program obligations.
Draft virtual asset service provider statute
Would establish full licensing, segregation and trust custody of customer assets, stablecoin issuance rules developed with the central bank, and market-conduct standards, converting the AML-only regime into a comprehensive framework.