# Taiwan Proposes NT$300 Million Capital Floor for Nonbank Stablecoin Issuers

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/47516
Published: 2026-11-03T09:14:17.000Z
Updated: 2026-11-03T09:14:17.000Z
Section: Regulation

> The draft would limit eligible stablecoins to tokens pegged one-to-one to the New Taiwan dollar or a single foreign currency.

Taiwan’s Financial Supervisory Commission (FSC) proposed rules Nov. 3 requiring eligible nonbank stablecoin issuers to hold at least NT$300 million in paid-in capital, establishing a threshold for market entry.

Under the draft, banks, financial holding companies and companies backed by banks could apply for approval. The FSC could also designate other eligible institutions. Nonbank applicants would have to issue shares publicly and focus exclusively on issuing and redeeming stablecoins.

Permitted tokens would be pegged one-to-one to the New Taiwan dollar or a single foreign currency. For each token, an issuer would need reserve assets with a fair value at least equal to the amount outstanding, subject to regular accountant reviews. Issuers would also have to verify customers’ identities before accepting subscriptions or redemption requests.

Separate draft amendments would bring stablecoin issuers under financial-institution anti-money laundering rules. The licensing proposal also calls for internal controls, business continuity and cybersecurity procedures, along with financial and operational filings with the FSC and Taiwan’s central bank.

Taiwan’s Virtual Asset Service Act, promulgated July 22, requires regulatory permission to issue stablecoins and central bank agreement before approval. Its effective date has yet to be set.

The FSC plans to publish a formal notice of the draft. A 40-day public comment period would begin the following day.