Taiwan VASP Association Rebrands, Tightens Governance
Taiwan’s VASP industry association serves as a self-regulatory body and a key channel between virtual-asset service providers and policymakers as the island develops a dedicated legal framework for the sector. Replacing “virtual currency” with “virtual asset services” in its name signals a broader mandate that extends beyond trading activities to governance, regulatory compliance and alignment with international standards.
The group recently renamed itself the Republic of China Virtual Asset Service Providers Association and established three specialist committees covering listing and delisting reviews, disciplinary matters, and anti-fraud and anti-money-laundering compliance. Its three priorities for 2026 are consultations on the proposed virtual-asset law and related regulations, implementation of the Travel Rule, and creation of a cross-sector fraud-prevention network.
All Coverage
2 original reportsThe Backstory
The history behind this eventTaiwan VASP Association Plans Two-Phase Travel Rule Rollout
The Financial Action Task Force (FATF) requires virtual asset service providers (VASPs) to transmit identifying information about both parties to a transfer under the Travel Rule. The Taiwan Virtual Asset Service Provider Association is working to establish a common standard aligned with the draft Virtual Asset Service Act, aiming to reduce money-laundering and regulatory risks associated with cross-platform transfers.
The association plans to implement the Travel Rule in two phases. The first phase, covering transfers between domestic platforms, is expected to be completed by October 2026. The second phase targets completion of transfers between domestic and overseas platforms in 2027. Industry participants will need to gradually establish data-exchange and identity-verification mechanisms to comply with FATF standards.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.
If you search news on Google, you can set Mark Radar as a preferred source—our coverage will show up more often in your results. Set as preferred source on Google →