Taiwan proposes crypto Travel Rule for domestic transfers

Taiwan's financial regulator has proposed new rules that will require cryptocurrency platforms operating within the territory to share detailed customer information for all domestic transfers starting in October. The draft amendments, released by the Financial Supervisory Commission (FSC) on Tuesday, August 4, 2026, would mandate that virtual asset service providers (VASPs) exchange sender and recipient data for every transaction between local platforms.

The proposed framework introduces a specific threshold for enhanced identification. For individual transfers exceeding 30,000 New Taiwan dollars (approximately $930), the sending platform must provide the customer's date of birth and residential address. For corporate senders, the required information would be an official identification number and registered business address. Crucially, the receiving platform would be obligated to verify that the transmitted beneficiary details match its own customer records before completing the transaction. For transfers at or below the NT$30,000 threshold, basic information such as names and wallet addresses would still be shared.

The regulator stated the amendments will enter a 30-day public...