According to a recent report from Techub News, which cited Cointelegraph, Taiwan's Financial Supervisory Commission (FSC) has announced a plan to implement the cryptocurrency travel rule beginning in October of this year. Under the plan, the rule will apply to all transfers between domestic platforms. For any transfer exceeding NT$30,000 (approximately $930), the sending party must provide additional information, including date of birth, residential address, and other required details.
The FSC also plans to extend the framework by the end of 2027 to cover transfers between domestic platforms and foreign platforms. Taiwan first introduced a travel rule clause into its anti-money laundering regulations in 2021, but it was never enforced. The amended rule is set to officially take effect after a 30-day public consultation period.
Global adoption of the travel rule has reached 83 percent, according to the same report, yet enforcement remains uneven. The new requirement will affect all domestic platforms in Taiwan once it goes live, and the scope will later expand to cross-border transfers involving foreign platforms.
According to a report from Techub News citing Cointelegraph, Taiwan's Financial Supervisory Commission (FSC) will require crypto platforms to comply with the travel rule starting in October. The mandate applies to all transfers between platforms based in Taiwan. For any transfer amount above NT$30,000, or approximately $930, the sender must provide extra information such as date of birth and residential address.
The regulator also plans to widen the policy by the end of 2027, covering transfers between domestic and foreign platforms. Taiwan's earlier attempt to introduce the travel rule, via an anti-money laundering clause in 2021, was never implemented. The current amendment will go into force after a 30-day public consultation.
The report also notes that global adoption of the travel rule stands at 83 percent. Still, enforcement gaps remain significant. With the new rules, domestic transfers in Taiwan above the threshold will now trigger additional disclosure obligations, and cross-border transfers will follow in 2027.
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