Taiwan's FSC Announces Phased Implementation of Virtual Asset Transfer Rules

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Digital asset news from Taiwan’s Financial Supervisory Commission (FSC) reveals a phased rollout of virtual asset transfer rules. The first phase, beginning in October 2026, will cover domestic transfers by virtual asset service providers (VASPs). The second phase, to be implemented by late 2027, will include cross-border transactions. Under the cryptocurrency regulations, users must provide basic information such as names and wallet addresses. Transfers exceeding NT$30,000 require additional details, including birth dates or official identification numbers. Receiving platforms must verify all submitted data.

ChainThink reports that, on August 5, according to an announcement by Taiwan’s Financial Supervisory Commission, Taiwan will implement the Virtual Asset Travel Rule in phases.

Phase one is expected to apply to transfers between domestic virtual asset service providers (VASPs) starting October 2026, and phase two is expected to expand to cross-border transfers by the end of 2027.

After the rule takes effect, individuals using a VASP to transfer virtual currencies must provide and disclose basic information about both parties to the platform, regardless of the transaction amount, including names and wallet details.

If a single transfer amount exceeds NT$30,000, individuals must provide their date of birth and residential address; legal entities must provide their official identification number and registered address. The receiving platform must also verify this information simultaneously.

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