Taiwan Plans Identity Checks for Crypto Transfers Above NT$30,000

South Korea introduced the Travel Rule for virtual assets on March 25, 2022, requiring registered virtual asset service providers, or VASPs, to transmit information on senders and recipients. The rule has applied only to domestic VASP-to-VASP transfers worth at least 1 million won, leaving smaller transactions outside the regime and creating a potential route for users to evade anti-money laundering checks by splitting transfers.

The cabinet approved an amendment to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Aug. 11, 2026, abolishing the 1 million-won threshold from Jan. 1, 2027. All transfers between registered domestic VASPs will be covered regardless of size. The Financial Services Commission said about 60% of such transfers in the second half of 2025 were below the threshold. Recipient VASPs must obtain the required information and request it or reject the transaction if it is missing.

Taiwan’s Financial Supervisory Commission is moving to apply the Travel Rule to virtual-asset transfers, targeting the money-laundering risks associated with fast and often cross-border transactions. The framework requires virtual asset service providers, or VASPs, to transmit identifying information on senders and recipients, improving traceability and bringing Taiwan’s crypto sector closer to international anti-money-laundering practices.

The VASP association will assist with a two-stage rollout. Domestic transfers between Taiwan-based VASPs are scheduled to enter the first phase in October 2026, with transactions exceeding NT$30,000 requiring information including a user’s date of birth and address. A second phase covering transfers between domestic and overseas VASPs is planned for the end of 2027, giving operators time to build systems and connect with international compliance networks.

Taiwan’s Financial Supervisory Commission is moving to tighten anti-money laundering controls by requiring crypto platforms to exchange identifying information when transferring assets. The framework follows the Financial Action Task Force’s Travel Rule, which seeks to make virtual-asset transfers more traceable by obliging service providers to transmit details about senders and recipients, bringing crypto oversight closer to standards applied in traditional finance.

From October 2026, all transfers between domestic crypto platforms in Taiwan will have to carry customer identity data. Transactions exceeding NT$30,000 will require additional information, including a date of birth, residential address or corporate registration number. The regulator plans to extend the framework to cross-border platform-to-platform transfers by the end of 2027, broadening the compliance burden beyond Taiwan’s domestic virtual-asset market.