On June 30, Taiwan's Legislative Yuan passed the 'Virtual Asset Service Law,' a new legislation that comprehensively regulates cryptocurrency-related service providers. The law legally defines seven types of operators, including cryptocurrency exchanges and custodians, and mandates central bank approval and permission from Taiwan's Financial Supervisory Commission for issuing stablecoins. The Financial Supervisory Commission, through this legislation, enhances oversight of cryptocurrency operators from 'anti-money laundering measures' to 'business operations and market order.'