Taiwan has proposed mandatory customer information sharing for all domestic crypto platform transfers, with new Travel Rule requirements scheduled to begin in October.
Summary
- Taiwan has proposed mandatory customer information sharing for all domestic crypto platform transfers starting in October.
- Transfers above NT$30,000 would require additional sender identification, while receiving platforms must verify beneficiary details.
- The Financial Supervisory Commission plans to extend the Travel Rule requirements to cross border VASP transfers by the end of 2027.
- The proposal builds on Taiwan’s new Virtual Asset Service Act, which introduced a full licensing framework for crypto businesses in July.
According to Taiwan’s Financial Supervisory Commission (FSC), draft amendments released on Tuesday would require virtual asset service providers (VASPs) to exchange customer information for every transfer between domestic crypto platforms, regardless of transaction value.
The regulator said transfers above 30,000 New Taiwan dollars (about $930) would face additional identification requirements before they could be processed.
The proposal would also require receiving VASPs to verify that beneficiary details provided by the sending platform match the information held in their own records. The FSC said the amendments will enter a 30-day public consultation before any final rules are adopted.
Taiwan expands Travel Rule requirements
Under the proposed framework, platforms handling transfers above the NT$30,000 threshold would need to transmit more detailed customer information.
For individual senders, the FSC said platforms must provide the customer’s date of birth and residential address alongside existing transfer information. Corporate senders would instead need to disclose their official identification number and registered business address.
Receiving platforms would no longer be limited to accepting transmitted information. The proposal requires them to compare beneficiary information received from the originating VASP against their own customer records before completing the transaction.
The regulator also outlined the next phase of the rollout. While the October changes apply to transfers between Taiwanese crypto platforms, the FSC said it intends to extend the same framework to transactions involving domestic and overseas VASPs by the end of 2027.
Taiwan’s crypto rules have moved beyond AML registration
The latest proposal follows Taiwan’s recent overhaul of its cryptocurrency regulatory framework.
In July 2026, Taiwan passed the Virtual Asset Service Act, replacing the country’s previous anti-money laundering registration model with a licensing system covering exchanges, trading platforms, custodians, transfer providers and other crypto businesses. The legislation also introduced operational standards covering cybersecurity, customer asset segregation, internal controls, financial reporting and market conduct.
Under the law, crypto firms must obtain approval from the FSC before operating, while businesses already registered under Taiwan’s earlier AML regime were given a transition period to secure full licenses.
The legislation also introduced dedicated rules for stablecoin issuers. Before issuing tokens in Taiwan, companies will need approval from both the FSC and Taiwan’s central bank while maintaining fully backed reserves held in trust and subject to audits and public disclosure requirements.
Alongside licensing, the Virtual Asset Service Act established criminal penalties for unlicensed crypto activity, illegal stablecoin issuance, fraud and market manipulation, replacing what had been a largely AML-focused compliance framework.
Earlier Travel Rule plans faced implementation hurdles
Taiwan had already incorporated Travel Rule provisions into its anti-money laundering regulations in 2021, but the requirements were never implemented.
The FSC said differences in regulatory approaches across jurisdictions, incompatible information-sharing standards and technical challenges in connecting cross-border systems prevented authorities from putting the framework into practice at the time.
The regulator now plans to introduce domestic requirements first before extending them to international transfers over the next year.
Separately, the Financial Action Task Force (FATF) reported in July that implementation of the Travel Rule has continued to expand worldwide. According to the international standard-setting body, 83% of surveyed jurisdictions have now enacted Travel Rule legislation, up from 73% in 2025.
Despite the increase, the FATF said implementation remains uneven because many jurisdictions still face enforcement and operational challenges after adopting the legal framework.
Crypto oversight has become a larger policy focus
Taiwan’s crypto policy has expanded well beyond licensing and anti-money laundering requirements over the past year.
In December 2025, the Ministry of Justice disclosed that it was holding 210.45 BTC and other cryptocurrencies seized during criminal investigations, including stablecoins, Ether, BNB, Tron and Livepeer. The ministry said the assets remain under government custody while authorities evaluate options such as public auctions, with no final decision having been made on their disposal.
The disclosure also prompted debate inside Taiwan’s legislature after lawmaker Ko Ju-Chun urged policymakers to study whether Bitcoin could serve as part of the country’s strategic reserve assets.
At roughly the same time, Taiwan’s central bank called for a formal role in supervising stablecoin issuers, arguing that reserve management and payment system risks required direct oversight alongside the FSC. Many of those proposals were later incorporated into the Virtual Asset Service Act passed in July, giving the central bank responsibility over stablecoin approvals together with the financial regulator.
