Taiwan Travel Rule: What VASPs Need to Know

14 Sept, 2026

TL;DR

Domestic VASP-to-VASP transfers are expected to be subject to Taiwan's Travel Rule from October 2026, subject to finalisation of the regulatory framework.
There is no minimum threshold for the baseline Travel Rule obligation.
Transfers above NT$30 000 (approximately USD 940) would trigger enhanced information and verification requirements.
Additional information includes date of birth and residential address for individuals, and official identification number and registered address for businesses.
Beneficiary VASPs would need to compare incoming beneficiary information against their own records.
Taiwan plans to extend the framework to transfers involving overseas VASPs by the end of 2027.
Requirements for transfers involving self-hosted wallets remain unclear and should be monitored as further guidance develops.
The Travel Rule is being advanced under Taiwan's existing AML/CFT framework, ahead of the new Virtual Asset Service Act, which could take effect as early as Q1 2027.

Understanding the Regulatory Obligations for Virtual Asset Service Providers

Taiwan is preparing to bring its existing Travel Rule requirements into effect as part of its anti-money laundering framework for virtual asset service providers, aligning its regime with the Financial Action Task Force (FATF) Recommendation 16.

On 13 August 2026, Taiwan's Financial Supervisory Commission (FSC) published draft amendments to its AML and counter-terrorist financing regulations for VASPs. The proposed amendments would operationalise the Travel Rule requirements for virtual asset transfers between virtual asset service providers (VASPs), with no minimum value threshold for the baseline information-sharing obligation.

For transfers above NT$30 000 (+- USD 940), additional information requirements would apply. The beneficiary VASP would also be required to compare the beneficiary information received from the originating or intermediary VASP against the information it holds.

The FSC has announced a phased implementation plan, with the first phase expected to apply to domestic VASP-to-VASP transfers from October 2026, subject to the final regulatory process. Taiwan plans to subsequently extend the framework to transfers involving overseas VASPs by the end of 2027.

The FSC's draft amendments were subject to a 30-day public consultation running until 14 September 2026. The Travel Rule amendments are being advanced under Taiwan's existing AML framework ahead of the country's new Virtual Asset Service Act, which was passed by the Legislative Yuan on 30 June 2026, and promulgated on 22 July 2026. The Act's commencement date is to be determined by the Executive Yuan, with the FSC indicating that the new framework could take effect as early as the first quarter of 2027.

Scope of the Travel Rule in Taiwan

Under the FSC's proposed amendments, the Travel Rule would apply to virtual asset transfers between VASPs regardless of the value of the transfer.

The first phase is expected to focus on transfers between domestic VASPs. Taiwan has indicated that the framework will subsequently be extended to transfers involving overseas VASPs, with cross-border implementation planned by the end of 2027.

Taiwan's approach introduces a two-tier information framework:

All covered domestic VASP-to-VASP transfers would be subject to baseline Travel Rule information requirements.
Transfers exceeding NT$30 000 (+- USD 940) would trigger additional information and verification requirements.

The proposed framework is designed to ensure that information relating to the originator and beneficiary is transmitted between the relevant VASPs alongside the virtual asset transfer.

Obligations of originator virtual asset service providers

Under the proposed amendments, the originating VASP would be required to collect and transmit the information required under the Travel Rule.

The Travel Rule information would be transmitted to the beneficiary VASP or, where applicable, an intermediary VASP.

The proposed framework also requires VASPs to establish processes for determining whether counterparties can receive the required Travel Rule information and for handling transfers where the required information cannot be transmitted.

The exact operational requirements and implementation timetable remain subject to the final regulatory framework and subsequent guidance from the FSC and the relevant industry association.

Required Travel Rule Data

Taiwan's proposed framework does not introduce a minimum threshold for the baseline Travel Rule obligation.

This means that the basic information required under the Travel Rule would apply to domestic VASP-to-VASP transfers regardless of transaction value, which includes:

originator's name;
originators's wallet information;
beneficiary's name; and
beneficiary’s wallet information.

For transfers above NT$30 000, enhanced information requirements would apply, along with additional information requirements.

For individuals: date of birth and residential address must accompany the transaction message.
For businesses: the entity's official identification number and registered address are required.

Obligations of beneficiary virtual asset service providers

Beneficiary VASPs would have an active role in receiving and checking Travel Rule information.

Under the proposed amendments, the beneficiary VASP must compare the beneficiary information it holds against the information supplied by the originating or intermediary VASP, including the relevant name and wallet information.

This means that receiving VASPs cannot simply accept Travel Rule data passively. They will need processes and systems capable of checking incoming information against their existing customer records.

Where required information is missing or does not match the information held by the beneficiary VASP, the VASP would need to apply appropriate compliance procedures in accordance with the applicable AML framework and its internal policies.

Additionally, beneficiary VASPs must have measures to identify transfers missing the required information and risk-based policies for deciding when to execute, reject or suspend such transfers.

Self-hosted Wallets

At present, Taiwan’s framework does not provide clear requirements for transactions involving self-hosted wallets.

VASPs should monitor further regulatory guidance and developments as implementation progresses for updates.

What’s Next for VASPs in Taiwan?

The FSC published draft amendments to its VASP AML/CFT regulations on 13 August 2026. The amendments were subject to a 30-day public consultation running until 14 September 2026.

The FSC's phased implementation plan envisages the Travel Rule applying first to transfers between domestic VASPs from October 2026. A second phase is planned to extend the framework to transfers involving overseas VASPs by the end of 2027.

These dates remain subject to the finalisation of the regulatory amendments and implementation arrangements.

VASPs operating in Taiwan or providing services to Taiwanese customers should therefore monitor further announcements from the FSC and relevant industry bodies as the framework moves towards implementation.