Taiwan: Approves Bitcoin Regulatory Framework

Taiwan passed legislation establishing a full regulatory framework for Bitcoin and other cryptocurrencies on July 1 2026, advancing the island's Taiwan cryptocurrency regulation legislative history after years of deliberation.

Price action on the 4h chart shows BTC at $58471.51 inside the Bollinger Bands with upper resistance at $60796 while the EMA50 at $60377.81 and EMA200 at $65334.84 cap upside; the MACD death cross at -524.78 keeps the structure bearish and RSI at 37.67 offers no immediate reversal signal, pointing to a likely test of lower band support near $58111 before any sustained move higher driven by the new Impact of new Taiwan crypto laws on Bitcoin adoption.