As of March 31, 2025, Taiwan’s Financial Supervisory Commission (FSC) has set a deadline for Virtual Asset Service Providers (VASP) to submit their Anti-Money Laundering (AML) compliance declarations. Firms that comply with these regulations must apply for AML registration before this date.
According to the FSC's updated list of registered VASPs on April 1st, only 21 firms have met the registration requirements. One of the most notable absentees from the list is ACE Digital Innovation Co., Ltd. (ACE Exchange), which may have been excluded due to operational issues and creditor disputes.
The FSC stated that any VASP failing to meet the registration deadline will be prohibited from continuing operations in this sector. Offenders face potential penalties, including up to two years in prison, detention, or fines up to NT$5 million.
Looking ahead, the FSC plans to propose a draft Virtual Asset Service Provider Act in June 2025, which will further regulate the virtual asset market and may allow Taiwanese banks to issue stablecoins.