Taiwan VASP AML Registration Regime

The regime covers enterprises or persons engaging in virtual asset services within Taiwan on behalf of others. Covered activities include exchange between virtual assets and fiat currencies, exchange between virtual assets, virtual asset transfers, safekeeping or administration of virtual assets or control instruments, and financial services connected with the issuance or sale of virtual assets.

The FSC regulations classify VASPs into five service categories: virtual asset exchangers, virtual asset trading platforms, virtual asset transferors, virtual asset custodians, and virtual asset underwriters.

The framework also has an offshore access rule. An overseas enterprise or person providing virtual asset services in Taiwan must register a company or branch under Taiwan’s Company Act and complete the AML registration before providing services in Taiwan.

A VASP must complete AML registration with the Financial Supervisory Commission according to the business categories it operates. If it has not completed registration, it may not operate that business. The registration application requires corporate or business registration materials, governance and beneficial-owner information, business rules, business process descriptions, AML internal controls, a CPA-reviewed internal control checklist, complaint-handling procedures, and other FSC-required documents.

Existing VASPs that had previously completed Taiwan’s 2021 legal compliance statement had to carry out AML registration with the FSC by March 31, 2025 and complete registration by September 30, 2025. A VASP missing those deadlines may not continue operating.

• AML/CFT controls: Registered VASPs must apply customer due diligence, beneficial-owner checks, risk-based controls, suspicious transaction reporting, sanctions screening, and internal audit and control systems.
• Transfer information rule: The amended AML/CFT regulations include originator and beneficiary information requirements for virtual asset transfers, but Article 7 takes effect on a date separately specified by the FSC.
• Client fiat handling: A VASP handling customer fiat currency for virtual asset transactions must use special deposit accounts and either trust arrangements or bank performance guarantees.
• Custody controls: Virtual asset custodians must segregate customer assets, avoid transferring ownership of customer assets to the custodian, restrict use of customer assets, and establish custody policies.
• Market controls: Trading platforms must maintain listing and delisting review standards, trading rules, real-time trading information, and mechanisms to prevent unfair market transactions.

As of June 5, 2026, this profile should be classified as an in-force AML/CFT registration regime, not a full virtual asset licensing statute. Taiwan is separately pursuing a draft Virtual Asset Services Act, which the Executive Yuan approved for Legislative Yuan deliberation on April 2, 2026. That proposed act should be tracked separately from the Money Laundering Control Act registration regime.