Derived from Coindesk, Taiwan's Financial Supervisory Commission (FSC) Chair Peng Jin-long stated the island's first regulated stablecoin could launch in late 2026. The draft Virtual Assets Service Act has passed initial cabinet reviews and may see its third reading in the next legislative session. Regulations for stablecoins are expected within six months. The stablecoin may be pegged to the U.S. dollar or the Taiwan dollar, though no final decision has been made. Financial institutions will lead the initial issuance, but the currency backing remains unresolved, affecting the token's compliance with Taiwan's strict offshore currency controls.
Taiwan's First Regulated Stablecoin Expected in 2026, Peg Uncertain
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