Taiwan has enacted new legislation under the revised 'Fraud Crime Prevention Act' to combat virtual asset fraud, effective December 30, 2025. The law imposes fines of up to 100 million TWD for fraudulent activities involving cryptocurrencies. It introduces a three-tier penalty system based on the amount of fraud and empowers financial institutions to block suspicious transactions. The legislation also emphasizes victim protection and offers reduced sentences for individuals who self-report fraudulent activities early. This move signifies Taiwan's commitment to tightening oversight on crypto asset classification and enhancing KYC and AML compliance within the industry.