Taiwan Passes a Strict Crypto Law as Regulators Draw Harder Lines

Taiwan's legislature approved licensing, full stablecoin reserves and prison terms of up to seven years, part of a broader tightening of crypto rules across several countries.

Taiwan's Legislative Yuan passed the Virtual Asset Service Act on June 30, sending it to the president for final signing. The law requires all virtual-asset service providers to obtain licenses from the Financial Supervisory Commission and…