Taiwan’s financial regulator announced the possibility of launching a national stablecoin in H2 2026, which could happen immediately after the completion of the relevant legislative procedures and the preparation of subordinate regulations.
Peng Jin-lung, Chair of Taiwan’s Financial Supervisory Commission (FSC), stated that the main bill regulating stablecoin issuance is close to being adopted. However, even in this scenario, a full regulatory framework will only be in place about six months after the law is passed, pushing the potential launch of the national stablecoin to H2 2026, according to the Central News Agency (CNA).
During the FSC meeting, amendments to the Banking Act were discussed, aimed at increasing accountability for illegal fundraising. Peng Jin-lung explained that the main bill is based on the European MiCA regulation and doesn’t formally limit the circle of issuers, but in the first stage, issuance is planned to be entrusted specifically to financial institutions. This approach was coordinated with the central bank to minimize risks.
According to Peng, the bill underwent three rounds of interagency discussions within the executive branch, and the level of agreement between agencies is “quite high.” Once approved by the cabinet, the bill could be sent to parliament before the end of the current session. If adopted in the next session, the regulator would need about six months to prepare the subordinate regulations.
Legislator Lai Shyh-bao suggested that the launch could be possible by June–July of next year. However, Peng Jin-lung clarified that the timing depends entirely on the progress of parliamentary review. Once the main law and accompanying regulations are adopted and published, they can be applied immediately. According to him, the administration did everything possible, and further progress depends on public consent, interagency coordination, and parliamentary work.
Taiwan has been developing rules for digital asset regulation since 2023, and in 2024, a project for the development of a digital Taiwan dollar (CBDC) was launched amid the active growth of the local cryptocurrency market.
