TechFlow, Dec 3 — According to CoinDesk, Taiwan's first locally issued stablecoin could launch in the second half of 2026, though regulators have yet to decide which currency the token will be pegged to.
Peng Jin-long, Chairperson of Taiwan's Financial Supervisory Commission (FSC), told legislators that the draft Virtual Asset Service Act has passed initial cabinet review and may be enacted in its third reading during the next legislative session. Special regulations for stablecoins are expected within six months, with a possible rollout as early as the end of 2026.
The bill does not restrict issuers to banks only, but the FSC and the central bank have reached a consensus that financial institutions will lead issuance in the initial phase. The currency backing remains unclear: the stablecoin could be pegged to either the U.S. dollar or the New Taiwan dollar, depending on market demand.
