Taiwan to Apply Crypto Travel Rule to Domestic Transfers in October

Taiwan plans to require virtual asset service providers (VASPs) to share customer information when processing domestic crypto transfers from October 2026, before expanding coverage to international transfers by the end of 2027.

Under a proposal by Taiwan’s Financial Supervisory Commission (FSC), the Financial Action Task Force’s (FATF) Travel Rule would apply to transfers between Taiwanese VASPs regardless of their value. Platforms will be required to obtain, retain, and transmit information identifying the originator and beneficiary of a virtual asset transfer.

Transfers exceeding NT$30,000 (approx. $930) would be subject to enhanced information collection requirements. Additional details may include an individual sender’s date of birth and residential address or, for a corporate customer, its official identification number and registered address. The recipient’s platform would also need to verify that the details accompanying the transaction match its existing customer records.

Taiwan added Travel Rule provisions to its AML regulations in 2021. However, it did not bring them into effect due to differences between national regulations and issues with connecting international systems, such as incompatible standards for sharing information.

Following discussions with Taiwan’s VASP industry association, the regulator has opted for a phased rollout. The proposal is next due to undergo a 30-day public consultation.