Taiwan plans Travel Rule for domestic crypto transfers from October

Taiwan’s regulator plans to apply the Travel Rule to domestic VASP transfers from October before extending it to overseas platforms by the end of 2027.

Taiwan’s financial regulator plans to require crypto platforms to transmit customer information on all domestic platform-to-platform transfers starting in October. 

On Tuesday, the Financial Supervisory Commission said its proposed amendments would apply the Financial Action Task Force’s (FATF) Travel Rule regardless of value. 

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. 

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