Taiwan’s sweeping crypto law raises the bar with licensing, reserve mandates, and tough penalties
CoinDesk·
60-second summary
Taiwan's government has passed a comprehensive crypto law, awaiting the President's final approval. The legislation introduces licensing requirements for crypto exchanges, obliges them to maintain 1% of customer assets in reserve, and imposes severe penalties for non-compliance. This move is expected to boost investor confidence and set a new standard for regional crypto regulation, potentially influencing neighboring markets.
Taiwan has passed a sweeping new law to regulate its crypto sector, sending the bill to the President for final approval.