Taiwan Eyes 2026 Launch of TWD Stablecoins Amid Crypto Bill Review

Taiwan's Crypto Bill Advances, TWD Stablecoins on the Horizon

Taiwan is moving closer to establishing a comprehensive regulatory framework for cryptocurrencies. This week, lawmakers are scheduled to review a crucial draft bill that could significantly impact the digital asset landscape.

Key Takeaways:

• A draft crypto bill will be reviewed by Taiwanese ministers this week.
• The proposed legislation aims to create a licensing system for crypto exchanges and stablecoin issuers.
• TWD-backed stablecoins could receive approval from the Financial Supervisory Commission (FSC) as early as June 2026.

Regulatory Journey

Taiwan's approach to crypto regulation has been gradual. In 2021, anti-money laundering (AML) requirements were introduced for exchanges, marking the initial step towards regulatory oversight. This was followed by enshrining FSC oversight in law and granting the regulator powers to shut down non-compliant platforms.

The latest bill aims to create a comprehensive legal framework for exchanges, stablecoin issuers, and other crypto asset service providers. This includes rules around AML, custody and reserve requirements, and consumer protection.

TWD Stablecoins

Unlike the U.S., Taiwan is adopting an approach similar to the EU's MiCA regulation, encompassing exchanges and stablecoins in the same framework. Initially, only licensed financial institutions will be permitted to issue TWD-backed stablecoins.

FSC Chairman Peng Jin-lung anticipates that the first TWD stablecoins could be approved as early as June or July 2026, assuming the bill passes smoothly through the Legislative Yuan.