Taiwan has passed broad crypto legislation requiring exchanges and service providers to obtain licenses, maintain asset reserves, and comply with strict penalty provisions for violations. The law represents one of the more comprehensive crypto regulatory frameworks in Asia, going beyond lighter-touch registration regimes in other jurisdictions and introducing reserve mandates that parallel discussions happening in the US and EU.
For Armada's crypto repo desk, Taiwan-based market makers, miners, or institutional holders operating as counterparties could face new compliance burdens that affect their ability to post or receive BTC, ETH, or other collateral. Reserve mandates in particular could constrain liquidity at Taiwan-domiciled firms. Armada should confirm counterparty regulatory status in its onboarding and ongoing KYC processes and flag Taiwan-specific risk to legal counsel.