Taiwan is preparing to tighten oversight of cryptocurrency transfers by enforcing the Financial Action Task Force's (FATF) Travel Rule for domestic crypto transactions starting in October, marking a major step in the country's long-delayed effort to strengthen anti-money laundering controls. The new requirements will later expand to cross-border transfers involving overseas crypto platforms by the end of 2027.
Under draft amendments released by Taiwan's Financial Supervisory Commission (FSC), all transfers between domestic virtual asset service providers (VASPs) will be subject to the FATF Travel Rule regardless of transaction size.
Transfers exceeding 30,000 New Taiwan dollars will require additional customer information. Individual users must provide their date of birth and residential address, while corporate senders will need to disclose their official registration number and business address.
Receiving crypto platforms will also be required to verify that beneficiary information matches their own customer records before completing transfers. The FSC will open the proposal for a 30-day public consultation before the rules are finalized.
Taiwan revives a rule introduced in 2021
Although Taiwan incorporated Travel Rule requirements into its anti-money laundering regulations in 2021, authorities postponed enforcement because many jurisdictions had yet to adopt compatible frameworks, while technical standards for securely transmitting customer information between exchanges remained fragmented.
The phased rollout is designed to address those challenges. Domestic transfers will come first in October 2026, while transactions involving overseas VASPs are expected to be covered by the end of 2027 as international interoperability improves.
The latest proposal builds on Taiwan's broader effort to formalize oversight of the digital asset sector. Over the past two years, regulators have introduced registration requirements for crypto firms and have been working toward a dedicated licensing framework for virtual asset service providers as the country seeks to align more closely with international regulatory standards.
Taiwan's move comes as regulators worldwide accelerate implementation of the FATF Travel Rule, which requires crypto service providers to collect and share identifying information about senders and recipients in an effort to combat money laundering, terrorist financing and sanctions evasion.
In July, the FATF reported that 83% of surveyed jurisdictions had enacted Travel Rule legislation, up from 73% in 2025. However, the watchdog also warned that enforcement remains inconsistent, with many countries still struggling to implement compatible technical systems and cross-border information-sharing standards.
For exchanges operating in Taiwan, the upcoming rules represent one of the country's most significant compliance upgrades yet, bringing local crypto transfers under stricter identity verification requirements while laying the groundwork for broader international transaction monitoring over the next two years.