would

Rule

Taiwan’s financial regulator plans to require crypto platforms to transmit customer information on all domestic platform-to-platform transfers starting in October.&nbsp;On Tuesday, the Financial Supervisory Commission <a href="https://www.fsc.gov.tw/ch/home.jsp?dataserno=202608040002&amp;dtable=News&amp;id=2&amp;mcustomize=news_view.jsp&amp;parentpath=0&amp;" rel="noopener noreferrer nofollow">said</a> its proposed amendments would apply the Financial Action Task Force’s (FATF) Travel Rule regardless of value.&nbsp;Transfers exceeding 30,000 New Taiwan dollars (about $930) would trigger additional data requirements, including an individual sender’s date of birth and residential address, or a corporate sender’s official identification number and registered address. Receiving VASPs would also be required to compare beneficiary information supplied by the originating platform with their own records.&nbsp;The FSC plans to extend the framework to transfers between domestic and overseas VASPs by the end of 2027.Taiwan introduced Travel Rule provisions in its AML regulations in 2021 but did not implement them, citing differences among countries’ regulatory requirements, incompatible information-transmission standards and difficulties connecting cross-border systems. The FSC said the proposed amendments would soon enter a 30-day public consultation.The proposal comes as Travel Rule adoption advances globally but remains uneven. In July, the FATF <a href="https://www.fatf-gafi.org/content/dam/fatf-gafi/reports/7th-targeted-update-on-implementation-fatf-standards-vas-vasps-2026.pdf.coredownload.pdf" rel="noopener noreferrer nofollow">said</a> 83% of surveyed jurisdictions had enacted Travel Rule legislation, up from 73% in 2025, while warning that significant implementation and enforcement gaps remained.Related: <a href="https://cointelegraph.com/news/taiwans-legislature-passes-crypto-regulation-licensing-laws" rel="noopener noreferrer nofollow">Taiwan’s legislature passes crypto, stablecoin regulations</a>

Taiwan plans Travel Rule for domestic crypto transfers from October

Cointelegraph

Other articles published on Aug 5, 2026

Cardano (ADA) Price: Tests $0.20 Resistance as Catalyst Fund Launches

The biggest stablecoin isn't the busiest one

The Smart Money Watchlist: 5 Undervalued Altcoins With Strong Fees, Real Revenue, and Long-Term P...

How Far Can One Person Build With AI?

Binance Sues RedotPay Founders...

New Zealand Dollar Dips Below 0.5900 as Unemployment Hits Decade High

Join our free newsletter for daily crypto updates!