Asia & Korea
Taiwan's draft stablecoin rules would require a bank to own more than 25% of any issuer
Draft rules from Taiwan's Financial Supervisory Commission would let only banks, companies invested in by banks or financial holding groups, and institutions the regulator designates issue stablecoins. A single bank or financial holding company would have to own more than 25% of an issuer, and banks together more than 50%.
Sources
The Migration by Concrete tracks traditional finance moving on-chain, reading every token directly from public blockchains. See all our counts.
Every fact in this story matches the wording of a linked source. Corrections: [email protected].