Taiwan Stock Exchange releases two major guidelines, "Accounting Treatment for Stablecoin Transactions" and "Internal Control System for Holding Cryptocurrencies," specifically naming USDT and USDC

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Taiwan-listed and OTC companies now have clear regulations for purchasing crypto and holding stablecoins! The Taiwan Stock Exchange today (29th) released two major crypto asset guidelines. Regarding accounting treatment, it explicitly stipulates that when companies hold stablecoins such as USDT and USDC, they must recognize them as financial assets, intangible assets, or inventory according to the terms and regulatory status. In terms of internal controls, it strictly requires companies to establish a crypto management unit overseen by the "Board of Directors," and implement multi-signature and hot/cold wallet management mechanisms, comprehensively strengthening risk control and information transparency for corporate investments in Web3 assets. (Background: FSC: Taiwanese import/export merchants "are already using stablecoins for payments and receipts," some banks have already begun deployment) (Background supplement: Taiwan's Executive Yuan releases full interpretation of the draft "Virtual Asset Services Act"! Adding stablecoin-related provisions, with fraud and manipulation carrying up to 10 years imprisonment) As Web3 and cryptocurrency become increasingly prevalent in global corporate investment, trading, and payment applications, Taiwan's traditional capital markets are also officially welcoming the critical infrastructure to connect with virtual assets. The Taiwan Stock Exchange (TWSE) today (May 29, 2026) issued an official announcement, declaring that it has commissioned professional institutions to study and formally launch two major guidelines: "Accounting Treatment for Stablecoin Transactions" and "Internal Control System for Holding Cryptocurrency." These aim to help Taiwan-listed companies strengthen information transparency and risk management for cryptocurrency, providing enterprises venturing into digital assets with "rules to follow." Stablecoin Accounting Treatment: Three Categories of Recognition, Specifically Naming USDC and USDT Regarding accounting recognition, the TWSE and the Taipei Exchange (TPEx) jointly commissioned the "Accounting Research and Development Foundation" to study the relevant principles, successfully completing the "Guidelines for Accounting Treatment of Stablecoin Transactions." The guidelines specifically use the most common USDC and USDT transaction patterns currently in the market as the background, drafting four practical case studies. The guidelines stipulate that when companies hold stablecoins, they cannot be generalized; classification must be determined based on "regulations at the time" and "the latest user terms published by the stablecoin issuer" as the basis for accounting categorization. Depending on whether the stablecoin is subject to legislative regulation and other circumstances, companies must determine whether the holder has the contractual right to receive cash or other financial assets, and accordingly classify the held stablecoins as one of the following three asset categories: - Financial Asset - Intangible Asset - Inventory Cryptocurrency Internal Controls: Must Be Overseen by Board of Directors, Implement Multi-Signature In addition to accounting recognition on financial statements, "information security and internal controls" to prevent hacker attacks and internal fraud are paramount for companies holding crypto. To this end, the TWSE simultaneously released the "Guidelines for Internal Control Systems for Holding Cryptocurrency," explicitly stipulating that listed companies must cover the following four major management aspects when handling cryptocurrency, and establish rigorous control checkpoints: The TWSE emphasized that the release of these two guidelines aims to align with international virtual asset regulatory trends. It will not only help listed companies apply consistent accounting standards when holding stablecoins, but also improve the cryptocurrency risk management system, thereby significantly enhancing information transparency and corporate governance quality in the capital markets, ensuring that enterprises can operate more soundly and smoothly as they connect with the Web3 era.

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