Taiwan's Financial Supervisory Commission has drafted rules for licensed stablecoin issuers, including a NT$300 million paid-in capital floor for nonbank issuers. The drafts also require one-to-one pegs, full fair-value reserves and anti-money laundering duties. They remain draft policy until the comment period ends and the Virtual Asset Service Act takes effect.
Taiwan's Financial Supervisory Commission (FSC) said on November 3, 2026 that it has drafted rules for licensed stablecoin issuance. Nonbank issuers would need NT$300 million in paid-in capital, about US$9.4 million at a NT$32 exchange rate. A 40-day public comment window opens once the drafts are formally posted.
Who can issue under the FSC draft
The FSC has prepared three instruments: a draft Stablecoin Issuance Permit and Management Regulations, plus amendments to two sets of anti-money laundering rules. Banks can apply, as can companies invested by a financial holding company or a bank. The FSC may also announce other eligible entities later.
Nonbank issuers face the sharpest gate. Besides the capital floor, they must complete a public offering and run a dedicated business limited to stablecoin issuance and redemption.
Pegs, reserves and audits
Tokens must track the New Taiwan dollar or a single foreign currency on a one-to-one basis. Reserve assets at fair value must at least match the tokens in circulation. Issuers must also commission regular CPA audits and file financial and business data with both the FSC and the Central Bank.
On the compliance side, the FSC plans to designate stablecoin issuers as financial institutions under the Money Laundering Control Act, so the wider anti-money laundering rulebook would apply. Issuers must also restrict transfers or dispositions quickly when competent authorities lawfully order it.
Draft status
None of this is final. The Virtual Asset Service Act was promulgated on July 22, 2026, but its effective date still sits with the Executive Yuan. The FSC says the stablecoin package will take effect in step with that Act after comments are collected.
Source: Live Bitcoin News
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