Taiwan requires Travel Rule data on every virtual asset transfer, more above NT$30,000

Taiwan's Financial Supervisory Commission (FSC) on 20 October 2026 promulgated amendments to its Regulations Governing Anti-Money Laundering and Countering Terrorism Financing for Enterprises or Personnel Providing Virtual Asset Services. The amendments require virtual asset service providers (VASPs) to apply the Travel Rule to transfers of any value. Above NT$30,000 they must collect additional information. The amendments had completed the regulatory advance-notice process before promulgation. The FSC modelled the changes on the Financial Action Task Force's revised Recommendation 16 and its Interpretive Note, after "multiple discussions" with the Republic of China Virtual Currency Business Association, with which it says it reached a consensus to introduce the rule in stages.

There is no de minimis exemption. Customers sending virtual assets through a VASP to another domestic VASP must provide the information set out in Article 7 of the Regulations. The VASP "may execute the virtual asset transfer only after obtaining the relevant information and providing it to the receiving VASP" (Atlas's translation). Atlas reads this as making the transmission of Travel Rule data a precondition for releasing any domestic transfer, so firms need their data collection and messaging in place before they can process withdrawals to other Taiwanese platforms.

What the amendments require

The FSC describes three changes:

- Tiered information collection. The FSC calls this an "upper-limit enhanced" (上限強化型) mechanism. Every transfer is subject to the Travel Rule. Where the value exceeds NT$30,000, VASPs must obtain additional information that depends on whether the originator and beneficiary are natural or legal persons. For a natural-person originator, the FSC's examples are date of birth and residential address. For a legal-person originator, they are its official identification number and the address where it is registered.
- Beneficiary verification. A VASP that receives a transfer worth more than NT$30,000 must check the beneficiary information sent by the originating party against the customer information it holds.
- Scope and timetable. New provisions set out how far the rule applies and when. The FSC says it added them because system interfacing and operational changes between domestic and foreign VASPs "require a certain amount of time".

A separate FSC record of the same day lists the amended provisions as Articles 7, 14 and 18.

Domestic transfers first

The FSC says that once the Regulations are promulgated, it will implement the Travel Rule for transfers between domestic VASPs. Its announcement does not give the dates in the phased schedule. In Atlas's view, the FSC's reference to the time needed to connect domestic and foreign VASPs signals that transfers to and from overseas providers will follow in a later phase.

The amendments sit alongside the wider statutory regime. On 30 June 2026 the FSC reported that the Legislative Yuan had passed the Virtual Asset Service Act. The Act introduces defined VASP categories, stablecoin issuance controls, misconduct penalties and a transition regime.

The Securities Firms Management Division of the FSC's Securities and Futures Bureau is the contact unit for the amendments, on (02) 2774-7342.