Financial Supervisory Commission's Peng Jinlong: Taiwan's stablecoin will be initially issued by "financial institutions," expected to launch as early as June 2026

The Executive Yuan is reviewing the VASP special law this week, which includes regulations related to “stablecoins.” FSC Chairman Peng Jinlong stated that if all goes well, we could see financial institutions “take the lead in issuing” as early as June or July next year.

(Previous context: Stablecoins’ year-end 2025 review: You’re in the Red Chamber, I’m on the Journey to the West) (Background supplement: China’s official stance on stablecoins for the first time, ending the gray fantasy era of StableCoin)

FSC Chairman Peng Jinlong said during questioning at the Legislative Yuan today that the first phase of Taiwan’s stablecoin regulatory framework, based on risk management, will have “financial institutions” serve as the initial issuers. The Virtual Asset Service Act will be reviewed by the Executive Yuan this week, and if it is sent to the Legislative Yuan during this session and successfully passed in the next session, we could see Taiwan’s version of stablecoins launched as early as June or July next year.

Taiwan Stablecoin Regulatory Timeline 2025/6/27: The FSC submits the draft “Virtual Asset Service Act” to the Executive Yuan, which includes chapters on “Stablecoin Issuance and Management.” 2025/7/25: The Executive Yuan holds an inter-ministerial meeting to further discuss the draft’s content. 2025/12/3: FSC Chairman Peng Jinlong states at the Legislative Yuan that if the bill is sent to the Legislative Yuan this session and passes the third reading in the next session, the FSC can complete the sub-laws within six months, and stablecoins could launch “as early as the second half of next year”; the first phase of issuance will be led by “financial institutions.”

Earliest: Taiwan’s stablecoins could launch as soon as June to July 2026. The actual launch time depends on Legislative Yuan review and the FSC’s progress in finalizing sub-laws.

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<FSC Chairman Peng Jinlong: Taiwan stablecoins will be issued first by “financial institutions,” could launch as early as June 2026> was first published on BlockTempo, the most influential blockchain news media.