Taiwan FSC opens comment on eight draft virtual-asset service provider rules

Taiwan’s Financial Supervisory Commission (FSC) has formally pre-announced eight draft regulations for virtual asset service providers (VASPs), moving the package from preparation to public consultation. The notice, issued on 6 November 2026 as Securities and Futures Bureau letter No. 1150385338, gives 16 December as the end of the pre-announcement period.

The drafts are not final rules. They are issued under Article 154(1) of Taiwan’s Administrative Procedure Act and rely on provisions of the Virtual Asset Service Act covering VASP establishment, management, personnel, internal controls, outsourcing, suspicious activity, financial reporting and industry associations.

Eight instruments in the package

The FSC has attached draft measures on:

- establishing virtual asset service providers;
- managing VASP responsible persons and business personnel;
- administering VASPs;
- internal control and audit systems;
- outsourcing operations to third parties;
- virtual asset accounts and suspected illegal or clearly abnormal transactions;
- preparing and filing VASP financial reports; and
- managing VASP trade associations.

The package therefore reaches beyond market-entry permissions. Compliance teams will need to review governance responsibilities, staff controls, audit arrangements, outsourcing oversight, transaction-account controls and reporting architecture once the texts are finalised.

The drafts are also published on the FSC’s Competent Authority Regulation Query System. The notice lists the Virtual Asset Service Act provisions on which each rulemaking area is based, including Articles 7, 8, 11 to 15, 17, 20 to 23, 25, 26, 28, 30, 35 and 43.

The FSC says the package was “fully communicated with virtual asset service providers and relevant stakeholders and consensus has been reached”, according to its English translation of the notice. On that basis, it says it has shortened the consultation period.

Firms wishing to respond should map the proposed instruments against their licensing plans, responsible-officer structures, internal-control frameworks, vendor contracts, suspicious-transaction escalation processes and financial-reporting systems.

The consultation follows Taiwan’s creation of a statutory VASP framework under the Virtual Asset Service Act, which the FSC reported as having been passed by the Legislative Yuan on 30 June. It also follows the FSC’s October amendments requiring Travel Rule information for virtual-asset transfers, including additional information for transfers above NT$30,000.

Comments or suggested amendments must be submitted to the FSC’s Securities and Futures Bureau within 40 days from the day after publication in the Gazette. The FSC notice gives 16 December 2026 as the closing date and lists four officials and bureau contact details for submissions.