Taiwan’s legislature passed the Virtual Asset Service Act on June 30, creating the island’s first dedicated cryptocurrency law and placing the Financial Supervisory Commission in charge as the sole regulator. The bill shifts VASPs into a full licensing regime and sets Taiwan’s first stablecoin rules, allowing only banks to issue domestic stablecoins backed 1:1 by fiat reserves. Offshore stablecoins such as USDT and USDC are classified as regulated commodities and would require FSC approval and listing on a licensed local exchange to circulate to Taiwan users. The law is expected to take effect in early 2027, with implementing rules due by Q1 2027.

In April 2026, one cross-chain protocol lost $292 million after an attacker used a forged authorization message. As of July 1, 2026, cumulative losses tied to cross-chain bridges have topped $2.8 billion. The article says NEAR Intents and SimpleSwap are pushing intent-based execution as an alternative to higher-risk, legacy bridges. It adds that while NEAR could benefit as a core infrastructure provider, the broader security record is fueling systemic concerns about cross-chain liquidity.

Utorg said it received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation effective July 1, 2026, allowing it to operate across all 29 European Economic Area (EEA) member states. MiCA takes full effect on the same date, ending the transitional period and barring unauthorized providers from legally serving EEA users. The platform offers a non-custodial wallet supporting 170+ cryptocurrencies and a Visa crypto card with no issuance, maintenance, or top-up fees, under EU consumer protections and requirements such as segregation of client funds. Utorg’s card payments infrastructure holds a PCI DSS Level 2 certification.

Dubai, UAE, July 1st, 2026 — Utorg said it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026. The company said the approval clears it to operate across all 29 EEA member states, a market of over 450 million people. The announcement was distributed by Chainwire.

Utorg said it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026, when the industry’s transitional period ends. The company said it is now cleared to operate across all 29 EEA member states, a market of more than 450 million people. MiCA sets EU-wide standards on consumer protection, transparency and financial integrity, including requirements to segregate client funds and disclose fees upfront, Utorg said.

The Bank of Thailand plans to open a public consultation on a proposed digital stablecoin that would be fully backed 1:1 with Thai baht reserves. The central bank is advancing a framework for a baht-pegged stablecoin as part of an effort to support financial innovation.

LG Electronics announced on June 30, 2026 that it has launched an onchain advertising verification pilot on the Arbitrum network to address opaque reporting, closed platforms, and ad fraud in digital advertising. Led by LG’s Blockchain Research Lab, the project uses Arbitrum as neutral infrastructure to create a shared record that advertisers, publishers, and auditors can verify together. The pilot targets more trustworthy performance data—such as impressions, clicks, and conversions—and faster settlement, in a market where global ad spending is forecast to reach $1.3 trillion in 2026. LG said the effort remains an early technical test and does not involve changes to ARB token economics or any direct incentive mechanism.

Taiwan has enacted wide-ranging cryptocurrency legislation that raises industry requirements through strict licensing for digital asset firms. The law also mandates reserve requirements for certain businesses and sets tougher operating standards. It introduces severe penalties for non-compliance and for deceptive conduct.