Taiwan's regulator plans to introduce the Travel Rule for domestic Virtual Asset Service Provider (VASP) transfers starting from October.
This move is part of the country's efforts to regulate cryptocurrency transactions. According to reporting from CoinTelegraph, the Travel Rule will initially apply to domestic transfers before being extended to overseas platforms by the end of 2027.
The Travel Rule is a regulation aimed at preventing money laundering and terrorist financing by requiring VASPs to share information about transactions above a certain threshold.