Taiwan Adopts Travel Rule for Crypto Transfers Over NT$30,000

Taiwan's Financial Supervisory Commission (FSC) is set to implement the Travel Rule for cryptocurrency transfers between local virtual asset service providers (VASPs), starting in October.

The rule, originally established by the Financial Action Task Force (FATF), requires VASPs to share transaction information to prevent money laundering and terrorist financing.

Taiwan's authorities plan to apply the rule initially only to domestic transfers between VASPs, with expansion to overseas providers expected by the end of 2027.