Woofun AI reports that Taiwan’s Legislative Yuan has approved a comprehensive regulatory bill for the cryptocurrency industry. The legislation establishes formal standards for crypto trading platforms and stablecoin issuers, mandating registration, reporting, and consumer protection measures. Stablecoin issuers face specific requirements regarding reserve assets and transparency to address risks such as fraud and market manipulation.

The bill now awaits the president’s signature to become law, a step expected to be procedural. Once enacted, authorities will likely publish implementation guidelines and compliance timelines. Market participants must prepare for new obligations related to licensing, anti-money laundering, and customer due diligence.