BlockChain Security Completes Notabene Integration Ahead of October Travel Rule Rollout
BlockChain Security (BCS) has completed its systems integration with Notabene, the world's largest virtual asset Travel Rule compliance network. As Taiwan's Financial Supervisory Commission (FSC) prepares to phase in the Travel Rule for virtual asset transfers from October 2026, the integration lets domestic Virtual Asset Service Providers (VASPs) meet the requirement without building out multiple messaging protocols themselves — avoiding significant engineering cost and schedule risk.
Regulatory Timeline
The FSC has proposed amendments to the AML/CFT regulations governing virtual asset service providers and plans to issue a public pre-announcement shortly. The first phase, effective October 2026, covers transfers between domestic VASPs; a second phase, deferred to end-2027, extends to cross-border transfers. For transfers above NT$30,000, providers must collect additional identifying details, and the receiving provider must verify the beneficiary information it receives against its own customer records — a step whose impact on existing workflows is often greater than the data transfer itself.
(This measure has not yet entered public pre-announcement; the above reflects the FSC's stated planning direction. Final provisions and effective dates are subject to official promulgation.)
What the Integration Delivers
The Travel Rule (FATF Recommendation 16, extended to virtual assets in 2019) is more than data transfer — it also requires counterparty and sanctions screening and auditable recordkeeping. Notabene's network, spanning over 2,000 verified VASPs across 100+ jurisdictions with an 85% straight-through processing (STP) rate, addresses all three. Through the integration, BCS clients gain:
Counterparty discovery — identify whether a counterparty is a known VASP before a transaction, without maintaining a global VASP directory in-house.
Protocol-neutral data exchange — connect to multiple industry-standard protocols through a single integration, sharply lowering long-term engineering cost.
Real-time risk decisioning — approve or block transfers before they settle, with a complete, auditable record.
Build Once, Bridge Both Phases
The same architecture covers both the October 2026 domestic phase and the end-2027 cross-border expansion, so providers need not rebuild when cross-border rules take effect — an advantage for firms also operating in markets such as the EU and UK, where no de minimis exemption applies. With roughly two months until the first phase, BCS advises providers to begin counterparty testing early and to design their exception-handling and evidence-retention procedures now, rather than discovering gaps after go-live.
As a technology partner focused on digital asset security, BCS embeds risk management, cybersecurity, and compliance into its products, helping financial institutions, law enforcement agencies, and enterprises navigate a fast-changing regulatory landscape.
Blockchain Security (BCS) × Notabene
Blockchain Security (BCS) is the authorized distributor of Notabene in Taiwan.
Notabene is a leading global Travel Rule and digital asset compliance infrastructure provider. Its network currently connects more than 2,000 verified financial institutions and industry participants across over 100 jurisdictions.
By combining Notabene’s global network and compliance infrastructure with BCS’s local implementation and technical expertise, we help virtual asset service providers (VASPs) in Taiwan meet their Travel Rule compliance requirements:
Identify and verify counterparties — Identify the counterparty institution and obtain relevant identity and regulatory information to support pre-transaction Travel Rule assessments.
Securely exchange required Travel Rule information — Exchange required originator and beneficiary information using standardized data formats and secure communication mechanisms.
Conduct compliance assessments — Evaluate transactions based on specific transaction scenarios and applicable requirements across different jurisdictions.
Maintain auditable records — Retain records of pre-transaction information exchange, compliance assessments, and related processing activities to support audits and internal controls.
Blockchain Security × Notabene helps VASPs in Taiwan establish Travel Rule compliance processes that are more efficient, scalable, and aligned with regulatory requirements.
Evaluating Travel Rule implementation, system integration, or cross-border transaction compliance? Contact Blockchain Security to learn more about the Notabene Travel Rule solution.
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The regulatory content in this article is subject to the rules officially promulgated by the competent authority. It is provided for reference only and does not constitute legal advice.