Taiwan VASPs Weigh Restarting Convenience-Store Crypto Purchases as FSC Demands Full Fund-Flow Tracking

Taiwanese cryptocurrency exchanges suspended New Taiwan dollar top-ups for crypto purchases at convenience stores at the end of May 2025 to comply with the Financial Supervisory Commission’s anti-money laundering policies. The suspension was primarily due to gaps in identity verification and transaction monitoring at convenience stores. Because the service allows cash to enter the virtual-asset market, any inability to trace each transaction could create a blind spot for fraud and money laundering. Its resumption therefore has implications for both market convenience and regulatory credibility.

After Taiwan’s Executive Yuan approved the draft Virtual Asset Service Act on April 2, 2026, and sent it to the Legislative Yuan for review, VASPs began assessing whether to restore convenience-store crypto purchases. They are considering transaction thresholds, KYC checks and controls over convenience-store fund flows to mitigate risks. Limits for individual and cumulative transactions have not been disclosed, and the VASP association has yet to submit a formal proposal. The FSC said operators must first demonstrate that complete records linking each customer, payment and crypto-asset flow can be retained before feasibility is assessed.