Taiwans VASP-Verband ändert Namen in „Branchenverband für Virtual Asset Service Provider" und gründet drei Hauptausschüsse zur Verstärkung von „Listing- und Delisting-Überprüfung und Betrugsprävention"

Taiwan Virtual Asset Regulation Reaches New Milestone. The Republic of China Virtual Currency Business Association announced today (24th) that it has officially renamed itself to the “Republic of China Virtual Asset Service Provider Industry Association” (hereinafter referred to as VASP Association) to align with the upcoming legal framework of the “Virtual Asset Services Act.” To strengthen industry compliance and governance, the association has simultaneously established three specialized committees and publicly called on the government to consider the current industry situation during legislation, planning reasonable transition periods and supporting measures.
（Background: Taiwan Virtual Currency Association issues self-regulation standards, overview of crypto asset listing/delisting, anti-money laundering, and customer protection points (VASP)）
（Additional background: Virtual Asset Industry Registration System to launch next year, compliance declarations to phase out! VASP Association: will assist industry players in preparation）

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• Industry Governance Upgrade: Establishment of Three Specialized Committees
• Call for Legal Support Measures: Setting “Transition Period” and “Compliance Guidance”
• Chairman Zheng Guangtai: Focus on Travel Rule and Cross-Border Cooperation

Taiwan’s virtual asset industry is entering a new phase of legalization and international integration. The VASP Association held its 3rd member meeting of the first session on March 20, 2026, and resolved to change its name to the “Republic of China Virtual Asset Service Provider Industry Association,” with an official announcement released today (24th).

This renaming aligns with the Financial Supervisory Commission’s (FSC) promotion of the draft “Virtual Asset Services Act,” which defines industry entities as “Virtual Asset Service Providers” (VASP), symbolizing a comprehensive upgrade of industry governance structure.

Industry Governance Upgrade: Establishment of Three Specialized Committees

In response to practical and regulatory needs, the VASP Association has formally set up three committees to assist members in fulfilling compliance obligations and enhancing social trust:

• Listing and Delisting Review Committee: Strictly oversee token admission mechanisms.
• Disciplinary Committee: Strengthen internal management and market discipline.
• Anti-Fraud, Anti-Money Laundering, and Compliance Committee: Improve industry anti-fraud efficiency and implement anti-money laundering regulations.

Call for Legal Support Measures: Setting “Transition Period” and “Compliance Guidance”

Regarding the legislative process of the “Virtual Asset Services Act,” the association has made three major recommendations to the competent authorities, aiming to balance regulation and innovation:

2. Plan for Transition Period: Considering that industry players need to invest in system development, personnel training, and compliance resources, it is recommended to set a reasonable transition period with supporting measures.
3. Provide Compliance Guidance Resources: Since many Taiwanese industry players are small to medium-sized, the association suggests the government offer necessary guidance resources and flexibility.
4. Align with International Standards and Maintain Flexibility: Referencing the trend of rolling amendments in countries like Europe, the US, Japan, and South Korea, legislative design should retain adjustment space to adapt to evolving international standards.

Chairman Zheng Guangtai: Focus on Travel Rule and Cross-Border Cooperation

Chairman Zheng Guangtai of the VASP Association stated that the association will focus this year on three core tasks: ongoing communication with regulators regarding the detailed legal framework, promoting domestic industry adoption of the Travel Rule standards, and establishing local databases and strengthening cross-border cooperation mechanisms to improve overall anti-fraud efficiency.

“In the future, under the legal framework, balancing compliance requirements and industry innovation will be a key challenge.”

Vice Chairman Han Kun added that VASP represents the next paradigm shift in the financial industry. If Taiwan can adopt principle-based legislation combined with flexible management approaches, it can effectively align with global trends. Chief Advisor Cai Yuling also emphasized that the association will continue to serve as a communication bridge between industry and government, building an ecosystem with international competitiveness.