Episode Details

Taiwan just cracked down on crypto with a bold new law — the Virtual Asset Service Act — turning its crypto scene into a regulated powerhouse. This isn’t just another compliance check; it’s full financial supervision for crypto firms, covering seven key player types from exchanges to lenders. To stay legal, companies must prove staff expertise, strong controls, top-tier cybersecurity, and strict separation of customer funds — plus full accountability even when outsourcing. Existing players get a 12-month grace period to apply for licenses and 21 months to get fully approved — or face the boot. Stablecoin issuers face an even steeper climb, needing dual approval from central bank and regulator, full reserves held in trust, and public audits. Taiwan’s now joining elite global players like Japan, Singapore, and the EU in bringing crypto into the regulated mainstream — goodbye Wild West, hello order.

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