Express
Taiwan's First Regulated Stablecoin Expected to Launch Next Year
Summary: According to CoinDesk, Taiwan's first locally issued stablecoin may go live in the second half of 2026, but regulators have not yet decided on the currency it will be pegged to. Financial Supervisory Commission Chairman, Peng Jinlong, informed lawmakers that the draft of the 'Virtual Asset Service Act' has passed initial cabinet review and may ...
According to CoinDesk, Taiwan's first locally issued stablecoin may go live in the second half of 2026, but regulators have not yet decided on the currency it will be pegged to. Financial Supervisory Commission Chairman, Peng Jinlong, informed lawmakers that the draft of the 'Virtual Asset Service Act' has passed initial cabinet review and may be approved in the next session. Special regulations for stablecoins are expected to be introduced within six months, potentially launching as early as the end of 2026. While the legislation does not mandate issuers to be banks, the Financial Supervisory Commission and central bank have agreed that financial institutions will lead the initial issuance. The currency backing is still unclear: the stablecoin could be pegged to the US dollar or the New Taiwan dollar, depending on market demand.
