Legislative Yuan

Taiwan's Legislative Yuan passed the Virtual Asset Service Act, establishing its first comprehensive crypto regulatory framework with licensing requirements for service providers and a stablecoin structure. The law mandates approval from the Financial Supervisory Commission and central bank for crypto operations, imposes strict penalties for violations, and includes transition periods for existing firms.

Taiwan's Legislative Yuan has passed a special defense budget that eliminates all new domestic defense drone procurement programs. This decision comes at a critical juncture in the development of Taiwan's drone industry capabilities.