Taiwan to Require ID Disclosure for Crypto Transfers Over NT$30,000 Under Travel Rule

Taiwan’s Financial Supervisory Commission (FSC) is preparing to implement the Travel Rule for cryptocurrency transfers between local virtual asset service providers (VASPs) starting in October. According to a report from BlockTempo, the new measure will require individuals making single transfers exceeding NT$30,000 (approximately $1,320) to provide their date of birth and address, while corporate entities must submit an official identification number and registered address.

What the Travel Rule Means for Crypto Users in Taiwan

The Travel Rule, originally established by the Financial Action Task Force (FATF), aims to prevent money laundering and terrorist financing by ensuring that transaction information accompanies crypto transfers. Under the FSC’s proposal, receiving providers will be required to verify whether the transmitted information matches their existing customer records. For transactions of NT$30,000 or less, basic information—such as the sender’s and recipient’s names and a wallet address or transaction identification number—will still be shared, ensuring a baseline level of transparency across all transfer sizes.

The rule will initially apply only to transfers between domestic VASPs, giving local firms time to adapt their systems. Taiwan’s authorities plan to expand the requirement to include transfers involving overseas providers by the end of 2027, aligning the island’s regulatory framework more closely with international standards.

Timeline and Regulatory Process

The revised measure must still undergo a 30-day administrative notice period, meaning the October rollout has not yet been finalized. This period allows for public comment and potential adjustments before the rule is formally enacted. The FSC’s approach mirrors similar initiatives in other jurisdictions, such as Japan and Singapore, which have already implemented or are in the process of implementing the Travel Rule for crypto assets.

For Taiwan’s crypto industry, the new requirement adds another layer of compliance on top of existing anti-money laundering (AML) obligations. VASPs operating in the country are already required to register with the FSC and adhere to AML rules, but the Travel Rule introduces specific>

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