Taiwan’s Financial Supervisory Commission (FSC) is preparing to implement the Travel Rule for cryptocurrency transfers between local virtual asset service providers (VASPs) starting in October. According to a report from BlockTempo, the new measure will require individuals making single transfers exceeding NT$30,000 (approximately $1,320) to provide their date of birth and address, while corporate entities must submit an official identification number and registered address.

What the Travel Rule Means for Crypto Users in Taiwan

The Travel Rule, originally established by the Financial Action Task Force (FATF), aims to prevent money laundering and terrorist financing by ensuring that transaction information accompanies crypto…