Taiwan Passes First Crypto Asset Service Law
On July 2, 2026, Taiwan officially enacted its first dedicated legislation for virtual asset service providers (VASPs). The new law mandates all crypto service providers to obtain licenses and submit to oversight by financial regulators, with strict penalties for non-compliance including heavy fines and potential criminal liability. This move shifts Taiwan from a self-regulatory industry model to a comprehensive regulatory framework, imposing clear compliance obligations on local exchanges and international platforms seeking market entry.
Binance Enters Philippines via Regulatory Sandbox
Binance announced its entry into the Philippine market through the country's regulatory sandbox program. The sandbox allows Binance to test its services on a limited scale under the supervision of the central bank and securities regulators. This represents a strategic step in Binance's compliance push across Southeast Asia. Given the Philippines' large crypto user base and maturing regulatory environment, the sandbox entry could pave the way for a full license application.
Metaplanet Adds Another 2,823 BTC
Japanese listed company Metaplanet continues its aggressive Bitcoin accumulation, adding 2,823 BTC in its latest purchase. The firm, which adopts a "Bitcoin-first" treasury strategy, has repeatedly increased its Bitcoin holdings as a reserve asset. The acquisition comes amid Bitcoin price volatility, signaling institutional conviction in the asset's long-term value. Metaplanet is now one of the largest corporate Bitcoin holders in Asia, and its moves are closely watched as a market sentiment indicator.