Taiwan Unleashes Sweeping Crypto Law With 7-Year Prison Terms for Rule Breakers

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Taiwan passed the Virtual Asset Service Act, establishing its first dedicated crypto law, and designated the Financial Supervisory Commission as the sole regulator. Strict Licensing and Operational Requirements Taiwan’s Legislature on June 30 approved the Virtual Asset Service Act, establishing the island’s first dedicated cryptocurrency law and designating the Financial Supervisory Commission (FSC) as the [...]