Taiwan’s Financial Supervisory Commission (FSC) is preparing to implement the first phase of its virtual asset transfer rule, commonly called the Travel Rule, in October 2026. The first stage will cover transfers between domestic virtual asset service providers (VASPs) in Taiwan. In practice, that means a transfer between local exchanges such as MAX and BitoPro would require more than an on-chain asset movement. The platforms would also need to exchange sender and recipient identity information off-chain.
First phase targets transfers between domestic exchanges
The framework comes from standards set by the Financial Action Task Force (FATF). Banks already record information on remitters and beneficiaries in ordinary wire transfers. The Travel Rule extends that requirement to virtual assets. On public blockchains, only wallet addresses are typically visible, not the identities behind them. The rule is designed to send identity data alongside the asset transfer so authorities and platforms can trace money laundering and fraud-related flows more effectively.
According to the FSC’s explanation, the rule will apply regardless of transfer amount. Even when a transfer stays below the threshold, platforms still need to transmit basic information such as the names of both parties and wallet addresses, in line with FATF standards.
Transfers above NT$30,000 require additional information
When a single transfer exceeds NT$30,000 in value, more information must be provided depending on the type of user:
- Individuals: date of birth and residential address
- Legal entities: official identification number and registered address
The receiving platform also has obligations. For transfers above NT$30,000, the receiving exchange must check the recipient information provided by the sending side against its own customer records.
The NT$30,000 line was set with reference to FATF guidance. The report says FATF’s suggested threshold is no higher than $1,000 or €1,000.
Users will need to verify recipient details before sending
Taiwan-based provider KryptoGO said users should pay attention to four items once the rule takes effect. Those include providing or confirming their own identity and transaction information, as well as confirming the recipient’s information. Users will also need to verify the receiving platform and wallet address and allow time for data checks.
If information is incomplete, entered incorrectly, or does not match the receiving platform’s records, the transfer may not be processed.
XREX Group described the exchange-side flow as well. After a user submits a transfer request, the platform will first check whether the recipient name and wallet address trigger risk controls or appear on specific lists. If no issue is found, the exchange will send the required data to the receiving platform through an interconnection system used by Taiwan-based operators, and only then move the assets on-chain.
Transfers to overseas exchanges fall under a later phase
The first phase applies only to transfers between domestic operators in Taiwan. Transfers to overseas exchanges belong to the second phase, which the FSC expects to implement by the end of 2027.
Based on a list updated by the Securities and Futures Bureau on Sept. 3, 10 operators in Taiwan had completed anti-money laundering registration at the time referenced in the report. They include Modernity Financial Technology, which operates MAX, BitoPro, XREX and HOYA BIT.
Exact launch date still awaits a formal notice
The Travel Rule was written into Article 7 of Taiwan’s anti-money laundering regulations in 2021, but it was not implemented at the time because rules varied across jurisdictions and data transmission formats were not unified. The FSC published draft amendments on Aug. 4. As of the article’s publication, Article 7 in the national legal database still stated that the implementation date would be set separately, meaning the final start date still depends on a formal FSC announcement.
MAX had also said in an earlier notice that the actual launch schedule and operating details would be announced separately.
For most users, the practical change will be straightforward: when transferring crypto between Taiwan-based exchanges, they will need to confirm the recipient’s name and destination platform. If a single transfer exceeds NT$30,000, they will also need to provide their date of birth and address.
Common questions
When will Taiwan’s crypto Travel Rule take effect?
The first phase is expected in October 2026 and will apply only to transfers between domestic exchanges in Taiwan. The second phase, covering transfers to overseas exchanges, is expected by the end of 2027. The final date still depends on the FSC’s formal release.
What information is required for transfers above NT$30,000?
For a single transfer above NT$30,000, individuals must provide their date of birth and residential address. Legal entities must provide an official identification number and registered address. Transfers below NT$30,000 still require basic information such as the names of both parties and wallet addresses.