Taiwan Enacts Digital Asset Laws, Introduces New Licensing Rules Under Virtual Asset Services Act
On June 6, Taiwan enacted digital asset laws and introduced new licensing rules. The Virtual Asset Services Act establishes a regulatory framework for digital asset firms, aiming to enhance market conduct and protect trader rights.
This development matters for compliance teams at CASPs and exchanges as it sets a new standard for operations within Taiwan, potentially influencing how digital assets are managed and reported.
A practical takeaway for institutions is to review their licensing and compliance procedures to ensure alignment with the Virtual Asset Services Act, focusing on enhanced market conduct and trader protection. This is general educational information, not legal advice.
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