Taiwan will add a new compliance threshold for virtual asset transfers. According to a report by Anue cited in the source article, the Financial Supervisory Commission announced on Aug. 4, 2026 a phased implementation plan for a crypto transfer rule, also referred to as the Travel Rule. The first phase is scheduled to begin in October 2026 and will apply to transfers between virtual asset service providers, or VASPs, operating within Taiwan.
Two-stage rollout starts with domestic transfers
The FSC plans to introduce the rule in two stages. The first stage, starting in October 2026, will cover virtual asset transfers between domestic VASPs. The second stage is expected to expand the requirement to cross-border transfers between Taiwan-based and overseas VASPs before the end of 2027.
The legal basis for the rule is Taiwan’s Money Laundering Control Act, and the competent authority is the FSC’s Securities and Futures Bureau. The move is also part of the step-by-step implementation process following the launch of Taiwan’s dedicated law for virtual asset service providers.
Extra data required for transfers above NT$30,000
Under the rule, when users send or receive virtual assets, platforms must obtain, transmit and verify the necessary information of both the originator and the recipient.
If the value of a single transfer exceeds NT$30,000, additional information must be collected based on the user type. Individuals must provide their date of birth and residential address. Legal entities must provide an official identification number and registered address. The receiving VASP must also check that information against the customer data it already holds.
Aligned with FATF standards, fines can reach NT$10 million
The purpose of the Travel Rule is to ensure that information on both sides of a transaction is transmitted together with virtual asset transfers, which have anonymity and cross-border features, in order to prevent money laundering and terrorist financing and align with the requirements of the Financial Action Task Force, or FATF.
Huang Chung-hao, deputy director-general of the FSC’s Securities and Futures Bureau, said the regulator had already reached consensus with the virtual currency commercial association and industry participants on technical specifications and API integration. Violators may face fines ranging from NT$500,000 to NT$10 million.
For now, services and operating procedures at exchanges remain unchanged. The actual launch schedule, scope of application and required information will be announced separately by operators after confirmation.