Taiwan enacts its first crypto asset service law requiring all VASPs to obtain licenses with strict penalties. Binance officially enters the Philippine market through the regulatory sandbox. Meanwhile, Japanese listed company Metaplanet increases its Bitcoin holdings by 2,823 BTC.
On July 2, Taiwan passed its first crypto asset service law, mandating that all Virtual Asset Service Providers (VASPs) must be licensed to operate, with severe penalties for non-compliance. This marks a key milestone in Taiwan's crypto regulatory landscape.
Simultaneously, Binance leveraged the Philippine regulatory sandbox to officially enter the local market, securing compliant operations. Japanese listed firm Metaplanet announced an additional purchase of 2,823 Bitcoin, expanding its total holdings and signaling continued Asian interest in crypto assets.
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