The chairman of the Financial Supervisory Commission, Peng Jinlong, stated during an inquiry in the Legislative Yuan on 12/3 that if the (Virtual Asset Service Act) progresses smoothly, the locally issued stablecoin in Taiwan could officially launch in the second half of 2026. In the initial phase of the launch, financial institutions will be responsible for issuing it. Relevant departments have currently established a high degree of consensus, but the bill still needs to complete the review process and a six-month buffer period before it can officially launch.
Taiwan's stablecoin is expected to debut in the second half of 2026
Peng Jinlong stated that for the locally issued stablecoin in Taiwan to be realized, the (Virtual Asset Service Act) must first pass smoothly. He pointed out that if the bill can be included in the agenda of this session and complete the third reading in the next session, according to the current timeline, the earliest it could be officially launched is in the second half of 2026.
Legislative progress revealed, the (Virtual Asset Service Act) will be sent to the Executive Yuan for review.
Peng Jinlong stated that this bill is expected to be sent to the Executive Yuan for deliberation this week, having already held three inter-ministerial meetings, and that 'the level of consensus is quite high.' If the Executive Yuan reviews it and successfully schedules it for the Legislative Yuan's agenda, the legislative process can then be initiated.
After the bill passes, there will still be a 6-month buffer period before it can officially take effect.
Peng Jinlong added that after the bill passes its third reading, the Financial Supervisory Commission will still need to announce relevant subordinate laws. He emphasized that according to the plan, a 6-month buffer period will be reserved before formal implementation, which means that even if the legislation goes smoothly, the market will not immediately see the emergence of stablecoins.
The draft references the EU MiCA and initially restricts issuance to financial institutions.
In terms of institutional design, Peng Jinlong pointed out that the draft of the (Virtual Asset Service Act) draws on the EU MiCA, and does not explicitly state that 'issuers of stablecoins must be financial institutions.' However, he also emphasized that based on risk management principles, the Financial Supervisory Commission and the Central Bank have reached a consensus, which means that in the early stage of the stablecoin rollout, issuance will be limited to financial institutions to reduce market risk.
This article indicates that Taiwan's stablecoins are expected to emerge in the second half of 2026! The Financial Supervisory Commission: priority will be given to financial institutions for issuance, first appearing in Chain News ABMedia.
