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Taiwan’s Financial Supervisory Commission plans to apply the crypto Travel Rule to transfers between domestic virtual asset service providers from October 2026.
The proposed amendments would apply the rule regardless of transaction value. Transfers exceeding NT$30,000, about $1,000, would require additional customer information and recipient verification.
All Domestic Transfers Face Checks, With Added Rules Above NT$30,000
The first phase would cover virtual assets moving between VASPs operating in Taiwan. Providers would be required to obtain and transmit information identifying the originator and recipient for each covered transfer.
Transactions above NT$30,000 would face expanded requirements. For individual originators, providers would need to obtain a date of birth and residential address. Companies would need to provide an official identification number and registered address.
When a transfer exceeds the threshold, the receiving VASP would also have to compare the recipient information supplied by the sender with its own customer records. The FSC said the requirement is intended to improve information accuracy and strengthen risk controls.
Taiwan’s proposed model therefore applies the Travel Rule at every transfer value while reserving additional information and verification requirements for transactions above NT$30,000.
Cross-Border Travel Rule Rollout is Planned by End of 2027
The October phase would initially cover only transfers between domestic providers. The FSC plans to extend the framework to transfers between Taiwanese and overseas VASPs by the end of 2027.
The regulator said cross-border implementation requires more time because jurisdictions impose different legal requirements and providers use inconsistent information-transmission systems. Connecting domestic platforms with overseas counterparties also presents additional technical challenges.
The FSC has been working with the Taiwan Virtual Asset Service Provider Association on the phased rollout since publishing its list of AML-registered providers in September 2025.
Stakeholders Will Receive 30 Days to Comment On the Amendments
Taiwan first included Travel Rule provisions in its virtual asset anti-money laundering regulations in 2021. The requirements were not implemented because of differences between national rules, incompatible technical standards and difficulties connecting cross-border systems.
The latest proposal would amend Taiwan’s anti-money laundering and counterterrorist financing regulations for virtual asset businesses. It also follows the July 22 promulgation of the broader Virtual Asset Service Act, which introduces licensing and operating requirements for the sector.
The FSC said it would formally publish the amendments in Taiwan’s official gazette. Stakeholders will have 30 days beginning the following day to submit comments before the regulator finalizes the rules for the planned October rollout.
