Taiwan, Bhutan, France split on crypto regulation

Homepage > News > Business > Taiwan, Bhutan, France split on crypto regulation TL;DR: Asian jurisdictions are taking sharply different paths on digital assets, as Taiwan drafts strict rules that would limit stablecoin issuance to bank-backed firms, while Bhutan gives Gelephu Mindfulness City a new central bank with the power to hold crypto. In Europe, meanwhile, French lawmakers remain divided over how hard to tax digital asset holders, with the result being delay rather than decision. Key Takeaways: Taiwan’s proposed rules would limit stablecoin issuance to bank-linked entities, requiring full reserve backing, identity verification, audits, and a minimum NT$300 million capital for non-bank issuers. Bhutan’s Gelephu Mindfulness City establishes its own central bank, authorized to hold digital assets and cryptocurrencies as part of its reserves alongside traditional assets. French lawmakers reject proposed exit taxes on unrealized crypto gains but continue debating self-custody reporting requirements and taxes on stablecoin conversions, delaying broader budget decisions. Taiwan restricts stablecoin issuance Taiwan’s Financial Supervisory Commission (FSC) has drafted rules t...