Peng says Taiwan’s virtual asset rules, including stablecoin provisions, could arrive in Q1 next year
Financial Supervisory Commission Chair Peng Chin-lung said Taiwan has moved from debating whether virtual assets and stablecoins should develop to deciding how they should be regulated. He made the remarks at the FinTechOn 2026 AFA Summit in Taipei on Sept. 2, where opening speeches also came from Asia FinTech Alliance Chair Jaclyn Tsai and Taiwan FinTech Association Chair Wang Li-ling.
Peng said Taiwan’s Virtual Asset Service Act passed its third reading on June 30 this year. The FSC is now drafting nine subordinate rules, including rules on stablecoins, and he said they could be formally announced and implemented as early as the first quarter of next year. Once the framework takes effect, Taiwan’s virtual asset and stablecoin market will enter a new stage of development.
Peng also said AI and finance have already moved into real-world use. The FSC, he said, is trying to support innovation while keeping risk in view. The commission has already issued six core principles and related guidance for financial institutions using AI, and it will continue to push AI-based anti-fraud tools and financial big-data applications. He described Taiwan and global financial markets as moving toward a three-track model, with traditional finance, digital finance and blockchain finance developing in parallel.
Tsai says AFA now spans 16 markets, and its awards are a fast track into Asia
Tsai, who chairs the Asia FinTech Alliance and serves as honorary chair of the Taiwan FinTech Association, focused on cross-border connectivity. She said AFA has expanded to 16 economies this year with the addition of Uzbekistan, giving markets with different languages, currencies and regulatory regimes a place to share experience and build what she called a distinctly Asian fintech ecosystem.
She said the first AFA Awards were not just meant to select winners. They were also designed to open access for companies with cross-border potential into the alliance’s 16 markets. She told the winners: "You are getting more than a trophy. You are getting a fast track into 16 vibrant markets."
In Tsai’s view, globalization for companies can no longer mean only setting up factories overseas. It also has to connect physical logistics with digital cash flow through fintech, AI and blockchain. Taiwan, she said, has world-class hardware capabilities and could serve as a testing ground for cross-border financial solutions.
Wang says the next supply chain will move goods, information and money together
Wang Li-ling, chair of the Taiwan FinTech Association, took the discussion to supply chains. She said goods, information and capital have traditionally moved at different speeds in global supply chains, but AI, blockchain, stablecoins and programmable payments are now converging into a new financial and commercial infrastructure.
Wang said AI can forecast demand, logistics can adjust automatically, blockchain can verify transactions and documents in sync, and programmable payments can release funds once conditions are met. She singled out stablecoins and said what matters is not the word "coin" but whether the "stable" part can build trust. Cross-border innovation, she said, needs cross-border governance.
She also said technical progress should not be judged only by speed: "We should have ambition for technology, but we should value trust just as much; pursue speed, but not at the expense of safety; reduce friction, but not remove responsibility."