Taiwan aims to issue first regulated stablecoin in H2 2026

Taiwan's Financial Supervisory Commission is preparing regulations to issue the first locally regulated stablecoin in the second half of 2026, CoinDesk reported. Commission Chairman Peng Jin-long stated that a draft of the virtual asset service provider (VASP) act has passed a cabinet review. He added that if the bill passes its third reading in the next legislative session, specific stablecoin rules could be established within six months. The stablecoins are expected to be issued by financial institutions such as banks, though it has not yet been decided whether they will be pegged to the U.S. dollar or the New Taiwan dollar.