November 11 Commute Podcast — Taiwan Pushes for Virtual Asset Service Act to Take Effect in 2027, Market Shaken by $630 Million in Long Liquidations

Taiwan’s Financial Supervisory Commission is moving to implement its Virtual Asset Service Act from Q1 2027, with nine sub-regulations in preparation; existing registered operators would have 12 months after implementation to apply for a license and 21 months to secure approval. The timeline signals that Taiwan’s crypto sector is moving from review toward formal licensing, with compliance costs and business restructuring likely to be priced in ahead of the deadline. The regulatory news coincided with a sharp market selloff, as bitcoin fell 1.45% over 24 hours to $73,512 and ether dropped 2.94% to $2,053, while $630 million in long liquidations shook derivatives markets. The combination matters because it pairs a concrete Asia regulatory schedule with fragile leveraged positioning, leaving traders focused on whether liquidation pressure eases and how Taiwan’s licensing rules take shape.