Taiwan has proposed obligatory buyer info sharing for all home crypto platform transfers, with new Journey Rule necessities scheduled to start in October.
Abstract
- Taiwan has proposed obligatory buyer info sharing for all home crypto platform transfers beginning in October.
- Transfers above NT$30,000 would require extra sender identification, whereas receiving platforms should confirm beneficiary particulars.
- The Monetary Supervisory Fee plans to increase the Journey Rule necessities to cross border VASP transfers by the top of 2027.
- The proposal builds on Taiwan’s new Digital Asset Service Act, which launched a full licensing framework for crypto companies in July.
In response to Taiwan’s Monetary Supervisory Fee (FSC), draft amendments launched on Tuesday would require digital asset service suppliers (VASPs) to trade buyer info for each switch between home crypto platforms, no matter transaction worth.
The regulator mentioned transfers above 30,000 New Taiwan {dollars} (about $930) would face extra identification necessities earlier than they could possibly be processed.
The proposal would additionally require receiving VASPs to confirm that beneficiary particulars offered by the sending platform match the knowledge held in their very own information. The FSC mentioned the amendments will enter a 30-day public session earlier than any closing guidelines are adopted.
Taiwan expands Journey Rule necessities
Beneath the proposed framework, platforms dealing with transfers above the NT$30,000 threshold would wish to transmit extra detailed buyer info.
For particular person senders, the FSC mentioned platforms should present the client’s date of start and residential tackle alongside current switch info. Company senders would as a substitute must disclose their official identification quantity and registered enterprise tackle.
Receiving platforms would now not be restricted to accepting transmitted info. The proposal requires them to check beneficiary info obtained from the originating VASP in opposition to their very own buyer information earlier than finishing the transaction.
The regulator additionally outlined the following section of the rollout. Whereas the October adjustments apply to transfers between Taiwanese crypto platforms, the FSC mentioned it intends to increase the identical framework to transactions involving home and abroad VASPs by the top of 2027.
Taiwan’s crypto guidelines have moved past AML registration
The newest proposal follows Taiwan’s current overhaul of its cryptocurrency regulatory framework.
In July 2026, Taiwan handed the Digital Asset Service Act, changing the nation’s earlier anti-money laundering registration mannequin with a licensing system masking exchanges, buying and selling platforms, custodians, switch suppliers and different crypto companies. The laws additionally launched operational requirements masking cybersecurity, buyer asset segregation, inside controls, monetary reporting and market conduct.
Beneath the regulation, crypto corporations should receive approval from the FSC earlier than working, whereas companies already registered beneath Taiwan’s earlier AML regime got a transition interval to safe full licenses.
The laws additionally launched devoted guidelines for stablecoin issuers. Earlier than issuing tokens in Taiwan, firms will want approval from each the FSC and Taiwan’s central financial institution whereas sustaining totally backed reserves held in belief and topic to audits and public disclosure necessities.
Alongside licensing, the Digital Asset Service Act established felony penalties for unlicensed crypto exercise, unlawful stablecoin issuance, fraud and market manipulation, changing what had been a largely AML-focused compliance framework.
Earlier Journey Rule plans confronted implementation hurdles
Taiwan had already included Journey Rule provisions into its anti-money laundering laws in 2021, however the necessities had been by no means applied.
The FSC mentioned variations in regulatory approaches throughout jurisdictions, incompatible information-sharing requirements and technical challenges in connecting cross-border methods prevented authorities from placing the framework into apply on the time.
The regulator now plans to introduce home necessities first earlier than extending them to worldwide transfers over the following 12 months.
Individually, the Monetary Motion Process Pressure (FATF) reported in July that implementation of the Journey Rule has continued to broaden worldwide. In response to the worldwide standard-setting physique, 83% of surveyed jurisdictions have now enacted Journey Rule laws, up from 73% in 2025.
Regardless of the rise, the FATF mentioned implementation stays uneven as a result of many jurisdictions nonetheless face enforcement and operational challenges after adopting the authorized framework.
Crypto oversight has grow to be a bigger coverage focus
Taiwan’s crypto coverage has expanded properly past licensing and anti-money laundering necessities over the previous 12 months.
In December 2025, the Ministry of Justice disclosed that it was holding 210.45 BTC and different cryptocurrencies seized throughout felony investigations, together with stablecoins, Ether, BNB, Tron and Livepeer. The ministry mentioned the property stay beneath authorities custody whereas authorities consider choices equivalent to public auctions, with no closing determination having been made on their disposal.
The disclosure additionally prompted debate inside Taiwan’s legislature after lawmaker Ko Ju-Chun urged policymakers to review whether or not Bitcoin may function a part of the nation’s strategic reserve property.
At roughly the identical time, Taiwan’s central financial institution known as for a proper position in supervising stablecoin issuers, arguing that reserve administration and fee system dangers required direct oversight alongside the FSC. Lots of these proposals had been later included into the Digital Asset Service Act handed in July, giving the central financial institution duty over stablecoin approvals along with the monetary regulator.
