Taiwan to Implement Crypto Travel Rule for Domestic Platform Transfers Starting October 2026

Taiwan's Financial Supervisory Commission proposed draft amendments on August 4, 2026, to mandate customer information sharing for all domestic virtual asset service provider transfers starting in October 2026. The rules require additional sender details for transfers exceeding 30,000 New Taiwan dollars. This proposal builds on the Virtual Asset Service Act passed in July 2026, which established a full licensing framework. The regulator plans to expand these requirements to cross-border transfers by the end of 2027, addressing previous implementation failures from 2021.

Taiwan crypto Travel Rule proposal

• ▪The Financial Supervisory Commission's proposed amendments will undergo a 30-day public consultation period before final rules are adopted.
• ▪Under the proposed rules, transfers above 30,000 New Taiwan dollars require additional sender identification details, including date of birth and residential address for individuals.
• ▪Under the proposed rules, transfers above 30,000 New Taiwan dollars require corporate senders to provide their official identification number and registered business address.
• ▪On August 4, 2026, Taiwan's Financial Supervisory Commission proposed draft amendments requiring customer information sharing for all domestic virtual asset service provider transfers starting in October 2026.

Virtual Asset Service Act licensing

• ▪The Virtual Asset Service Act requires stablecoin issuers to obtain approval from both the Financial Supervisory Commission and Taiwan's central bank.
• ▪In July 2026, Taiwan passed the Virtual Asset Service Act, replacing its previous anti-money laundering registration model with a full licensing system for crypto businesses.
• ▪The Virtual Asset Service Act established criminal penalties for unlicensed crypto activity, illegal stablecoin issuance, fraud, and market manipulation.

Global Travel Rule compliance trends

• ▪The Financial Action Task Force noted that global implementation of the Travel Rule remains uneven due to ongoing enforcement and operational challenges.
• ▪In July 2026, the Financial Action Task Force reported that 83% of surveyed jurisdictions had enacted Travel Rule legislation, up from 73% in 2025.

VASP verification requirements

• ▪The Financial Supervisory Commission plans to extend the Travel Rule requirements to transfers involving domestic and overseas virtual asset service providers by the end of 2027.
• ▪The proposed amendments require receiving virtual asset service providers to verify that beneficiary details provided by the sending platform match their own records.

Cross-border interoperability challenges

• ▪The Financial Supervisory Commission cited incompatible information-sharing standards and difficulties connecting cross-border systems as reasons for the 2021 implementation failure.
• ▪Taiwan incorporated Travel Rule provisions into its anti-money laundering regulations in 2021, but did not implement them due to cross-border technical and regulatory challenges.