Taiwan just joined the serious crypto regulation club.
The Virtual Asset Service Act passed this week requiring all crypto firms and stablecoin issuers to get FSC (Financial Supervisory Commission) approval under strict new rules.
Taiwan. 23 million people. One of the most technologically advanced economies in Asia. The country that makes most of the world’s semiconductors.
They’re not banning crypto. They’re regulating it properly.
The global picture heading into July 👇
🇹🇼 Taiwan — Virtual Asset Service Act passed
🇪🇺 EU — MiCA fully live as of July 1
🇯🇵 Japan — three largest banks building joint stablecoin
🇺🇸 US — CLARITY Act still moving through Senate
🇬🇧 UK — stablecoin framework published
🇻🇳 Vietnam — Bitcoin as loan collateral law progressing
Six major jurisdictions. All moving toward regulation not away from it. DYOR!!
The Virtual Asset Service Act passed this week requiring all crypto firms and stablecoin issuers to get FSC (Financial Supervisory Commission) approval under strict new rules.
Taiwan. 23 million people. One of the most technologically advanced economies in Asia. The country that makes most of the world’s semiconductors.
They’re not banning crypto. They’re regulating it properly.
The global picture heading into July 👇
🇹🇼 Taiwan — Virtual Asset Service Act passed
🇪🇺 EU — MiCA fully live as of July 1
🇯🇵 Japan — three largest banks building joint stablecoin
🇺🇸 US — CLARITY Act still moving through Senate
🇬🇧 UK — stablecoin framework published
🇻🇳 Vietnam — Bitcoin as loan collateral law progressing
Six major jurisdictions. All moving toward regulation not away from it. DYOR!!