Taiwan has passed one of Asia’s most comprehensive crypto laws, moving the island from light-touch registration toward full financial supervision of the sector. The Legislative Yuan approved the Virtual Asset Service Act on Tuesday, June 30, in its third reading. The bill now heads to President Lai Ching-te, who is expected to promulgate it within 10 days, after which the cabinet will set an effective start date for the rules. The Financial Supervisory Commission, which will oversee the regime, said the law shifts its supervision of crypto firms from an anti-money-laundering registration system to broader oversight of their operations and…
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