<ul><li>Taiwan's Financial Supervisory Commission (FSC) has published the 'Virtual Asset Service Act' draft, requiring all crypto platforms, including overseas providers, to obtain licenses.</li><li>Lawmaker Huang Shan-shan has unveiled her own version of the act, with plans to pass it before the end of 2025.</li><li>The FSC is gathering public feedback on their version of the act until May 24 and aims to submit it for review by Taiwan's cabinet by June.</li><li>There are concerns over the compliance costs for crypto firms, with industry experts suggesting a tiered approach to regulation based on company size.</li></ul>

Taiwan Moves Closer to Crypto Regulation with New Draft Laws

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