Taiwan plans Travel Rule for domestic crypto transfers from October

Taiwan's financial regulator is set to enforce the Travel Rule for domestic crypto transfers beginning in October, with plans to expand the regulation to overseas platforms by the end of 2027. The Financial Supervisory Commission (FSC) has proposed amendments to the country's Anti-Money Laundering (AML) regulations, requiring crypto platforms to transmit customer information on all domestic platform-to-platform transfers.

Under the new rules, transfers exceeding 30,000 New Taiwan dollars (approximately $930) would necessitate additional data requirements, including the sender's date of birth, residential address for individuals, or the sender's official identification number and registered address for corporate entities. Receiving VASPs would also be obligated to cross-check beneficiary information provided by the originating platform against their own records.

The FSC intends to extend this framework to transfers between domestic and overseas VASPs by the end of 2027. Although Taiwan had introduced Travel Rule provisions in its AML regulations in 2021, implementation was delayed due to differences in regulatory requirements among countries, incompatible information transmission standards, and challenges in connecting cross-border systems.

The FSC plans to open a 30-day public consultation on the proposed amendments shortly. This move aligns with the global trend of adopting the Travel Rule, which currently affects 83% of surveyed jurisdictions, up from 73% in 2025, according to the FATF. However, the FATF also cautioned that significant implementation and enforcement gaps persist. Taiwan recently passed crypto and stablecoin regulations, which came into effect earlier this year.