On November 3, 2026, Taiwan’s Financial Supervisory Commission (FSC, 金融監督管理委員會) published for public comment a draft regulation on who may issue a stablecoin in Taiwan and under what conditions — the “Stablecoin Issuance Permit and Management Measures” (穩定幣發行許可及管理辦法) — alongside draft amendments to the anti-money-laundering rules that apply to financial institutions.
Under the draft, only banks, financial holding companies (or companies they have invested in), and other institutions the FSC separately approves may apply to issue a stablecoin. A non-bank issuer would need at least NT$300 million in paid-in capital, must be a publicly listed company, and must be dedicated solely to issuing and redeeming stablecoins. Any stablecoin issued under the rule must be pegged 1:1 to the New Taiwan dollar or to a single foreign currency. Issuers must verify the identity of anyone buying or redeeming their stablecoin, keep reserve assets — valued at fair value — at least equal to the stablecoin’s outstanding circulating balance, undergo regular audits by a certified public accountant, and report financial and business data to both the FSC and Taiwan’s central bank. The draft also designates stablecoin issuers as “financial institutions” under the Money Laundering Control Act, so Taiwan’s anti-money-laundering rules for banks would apply to them directly.
The draft implements Taiwan’s Virtual Asset Service Act, which the president signed into law on July 22, 2026; the Executive Yuan has not yet set that law’s effective date. The FSC said it drew on international regulatory trends and reports from the Financial Action Task Force in designing the rule. The commission has opened a 40-day public comment period from the date of announcement and said it will keep consulting stakeholders before finalizing the rule, which is set to take effect alongside the Virtual Asset Service Act’s own effective date. For anyone hoping to eventually move money across borders through a Taiwan-regulated stablecoin — for example, to help fund an overseas property purchase — the draft makes clear that option is not yet available: this is still a proposal open for comment, and only a short list of bank-affiliated or FSC-approved issuers would initially qualify to issue one.
