Taiwan Mandates Travel Rule Data on Every Crypto Transfer From 2026

For crypto platforms operating in Taiwan, the new requirements mean building or upgrading systems to capture and transmit customer data on every transaction, not just large ones. Smaller VASPs face a sharper cost burden relative to their revenue, compliance officers said. The threshold of 30,000 TWD keeps the rule aligned with FATF recommendations while limiting the heaviest data collection to transfers that exceed a typical retail transaction size.

At the global level, the FATF reported in July that 83% of the jurisdictions surveyed had already enacted Travel Rule legislation. The same report warned that implementation and enforcement vary widely across countries. Taiwan's delayed rollout reflects that fragmentation: regulators have struggled to agree on technical standards for cross-border data transmission, the FSC said.

The consultation period gives the industry a window to comment on technical standards and data privacy safeguards before the rules are finalised. Platforms that already comply with Travel Rule requirements in other jurisdictions may have an advantage, since the data schema and transmission protocols overlap. Those that serve only domestic customers will need to build the infrastructure from scratch.

The FSC did not specify penalties for non-compliance in the statement. It said the final rules would include enforcement provisions after the consultation.