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Taiwan Enacts Strict Crypto Rules | Bitcoin and Crypto News
Description
Taiwan just enacted sweeping crypto regulations requiring all exchanges and virtual asset firms to obtain official licenses, with strict new rules on cybersecurity, fund segregation, and internal controls—existing firms have up to 21 months to comply. Stablecoin issuers face even tougher standards, needing dual approval from central bank and finance regulator plus 100% reserve backing. Violators risk up to 10 years in prison and fines of 200 million New Taiwan dollars, signaling Taiwan’s serious commitment to cleaning up its digital asset sector.
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