Taiwan plans ID disclosure rule for crypto transfers over NT$30,000

Taiwan’s Financial Supervisory Commission plans to apply the Travel Rule from October to cryptocurrency transfers between local virtual asset service providers, BlockTempo reported. For single transfers over NT$30,000 ($1,320), individuals will be required to submit their date of birth and address, while corporations must provide an official identification number and registered address. Receiving providers will also have to verify whether the transmitted information matches existing customer records. For transactions of NT$30,000 or less, basic information including the sender’s and recipient’s names and a wallet address or transaction identification number will still be shared. Taiwan’s authorities plan to first apply the rule to transfers between local providers and then expand it to transfers involving overseas providers by the end of 2027. The revised measure, however, must still go through a 30-day administrative notice period, so the October rollout has not yet been finalized.