Taiwan’s Financial Supervisory Commission (FSC) amended Articles 7, 14, and 18 of the Regulations Governing Anti-Money Laundering and Countering the Financing of Terrorism for Virtual Asset Service Providers and Personnel on October 20, 2026. The amendments are aimed at enhancing the transparency and traceability of information pertaining to virtual asset transfers, and aligning Taiwan’s regulatory framework with international anti-money laundering standards.
Under the amended Article 7, the categories of information that the originating virtual asset service provider is required to obtain regarding both the originator and the beneficiary have been revised. Regardless of the transfer amount, the provider shall obtain the name or designation of the originator and beneficiary, as well as wallet information such as account identifiers. For transfers exceeding NT$30,000, additional information must also be obtained, including, depending on whether the party is a natural person or a legal entity, the date of birth and address, or the official identification number (such as the Unified Business Number) and registered address.
Furthermore, the same Article introduces a new obligation for the beneficiary institution to verify information. When the value of a virtual asset transfer exceeds NT$30,000, the beneficiary institution shall cross-check the information in its possession against the beneficiary’s name or designation and wallet information provided by the originating institution, so as to ensure the accuracy of such information.
Given that the establishment of mechanisms and technical standards for transmitting virtual asset transfer information involves system integration between domestic and foreign operators, standardization of message formats, and other preparatory matters requiring a certain lead time, the specific scope of application and implementation timeline shall be determined by the Virtual Currency Business Association of the Republic of China and submitted to the FSC for approval, thereby preserving operational flexibility. The amended Article 18 stipulates that the revised provisions shall take effect from the date of promulgation.
