Taiwan is preparing to implement the Crypto Travel Rule starting this October, requiring licensed crypto platforms to exchange customer information for domestic crypto transfers.
Key points:
All transfers between domestic Virtual Asset Service Providers (VASPs) will be subject to the Travel Rule.
Transfers above NT$30,000 will require additional identity information, such as the sender's date of birth and address.
Receiving platforms must verify beneficiary details before completing transactions.
Taiwan plans to extend these requirements to international crypto transfers by the end of 2027.
The move aims to strengthen anti-money laundering (AML) compliance, improve transparency, and enhance investor protection while aligning with global FATF standards.
Key points:
All transfers between domestic Virtual Asset Service Providers (VASPs) will be subject to the Travel Rule.
Transfers above NT$30,000 will require additional identity information, such as the sender's date of birth and address.
Receiving platforms must verify beneficiary details before completing transactions.
Taiwan plans to extend these requirements to international crypto transfers by the end of 2027.
The move aims to strengthen anti-money laundering (AML) compliance, improve transparency, and enhance investor protection while aligning with global FATF standards.