Taiwan plans phased crypto Travel Rule rollout with NT$30,000 threshold for added identity data
Taiwan’s Financial Supervisory Commission is preparing a phased rollout of the crypto Travel Rule that would require added identity details for transfers above NT$30,000 through domestic virtual asset service providers. According to Huang Chung-hao, deputy director-general of the FSC’s Securities and Futures Bureau, individual users would need to provide their date of birth and residential address, while legal entities would need to submit an official identification code and registered address. Receiving VASPs would also be required to verify the beneficiary information against their own customer records. The plan would be introduced in two stages. The first stage is scheduled for October 2026 and would apply only to transfers between domestic VASPs. A second stage, expected by the end of 2027, would extend the framework to transfers between domestic and overseas VASPs. The FSC said Taiwan’s NT$30,000 threshold was set with reference to the Financial Action Task Force’s de minimis standard of no more than $1,000 or €1,000. Transfers below that level would still require a reduced set of information, including names and wallet addresses or transaction identifiers. The draft amendment still needs to go through a 30-day public notice process before formal rulemaking proceeds.
