Taiwan to ID every crypto transfer — even the small ones 🪪

Taiwan plans to require crypto platforms to share sender and recipient details on every domestic platform-to-platform transfer starting in October, regardless of value, under proposed amendments from the Financial Supervisory Commission.

The rules would apply the Financial Action Task Force's (FATF) Travel Rule across all transfers. Those exceeding 30,000 New Taiwan dollars (about $930) would trigger expanded data requirements: individual senders would need to provide their date of birth and residential address, while corporate senders would supply their official identification number and registered address. Receiving virtual asset service providers (VASPs) would also be required to compare beneficiary information provided by the originating platform against their own records.

The FSC said the proposed amendments would enter a 30-day public consultation and that the framework would later extend to transfers between domestic and overseas VASPs by the end of 2027.

Taiwan added Travel Rule provisions to its anti-money-laundering regulations in 2021 but did not implement them, citing differing regulatory requirements across countries, incompatible information-transmission standards and difficulties connecting cross-border systems.

The proposal comes as global Travel Rule adoption advances unevenly. In July, the FATF reported that 83% of surveyed jurisdictions had enacted Travel Rule legislation, up from 73% in 2025, while warning that significant implementation and enforcement gaps remained. Taiwan's legislature separately passed broader crypto and stablecoin regulations earlier this year.