Stablecoins: Taiwan Drafts Bill for Banks

Taiwan to Introduce Draft Bill for VASPs Allowing Stablecoin Issuance by Banks

• The Taiwanese Financial Supervisory Commission (FSC) plans to release a draft bill in June.
• This draft bill will address regulations for virtual asset service providers (VASPs).
• A key proposal includes allowing banks to issue stablecoins.

The Taiwanese Financial Supervisory Commission is preparing to unveil a draft bill in June that will regulate virtual asset service providers and potentially enable banks to issue stablecoins.