Taiwan dey plan di first stablecoin wey dem go issue local for H2 2026, first dem go run am through banks

Taiwan Financial Supervisory Commission (FSC) dey plan to introduce dia first locally issued stablecoin by second half of 2026. Dem don draft virtual-asset law wey follow EU MiCA framework — di proposed "Virtual Assets Service Act" — and dem don show am for cabinet and legislative review, e fit soon enter third reading. Even though di law no go formally stop who fit issue, FSC and Taiwan central bank dey prefer make dem start with prudential phase wey go allow only regulated financial institutions (most likely banks and licensed payment firms) to issue fiat-pegged stablecoins. Regulators dey finalise technical standards, reserve and audit rules, AML/KYC requirements, consumer-protection measures and issuer liability. Dem never decide which currency go be peg — e fit be US dollar or Taiwan dollar depending on market demand. Stablecoin-specific rules dey expected within six months after di act pass, with pilot projects and coordination planned with local banks and payment providers. FSC Chair Peng Jin-lung stress say dem go focus on prudential supervision, consumer protection and align with international norms. For traders, dis move mean stronger regulatory certainty for fiat-pegged tokens for Taiwan, possible growth in regulated onshore stablecoin liquidity, and less legal risk for banks and licensed issuers — things wey fit affect stablecoin flows, local crypto-fiat rails and regional payment use cases.