Yes. Bitcoin isn’t legal tender, but owning or trading it is perfectly lawful. The Financial Supervisory Commission (FSC) treats crypto as a “virtual asset,” focusing on anti-money-laundering (AML) and consumer-protection rules rather than banning it.
2. The regulatory basics (as of July 2025)
Key rule
What it means for you
VASP registration
All local exchanges must register with the FSC and follow strict KYC/AML checks. Enforcement began 30 Nov 2024.
Foreign exchanges
Overseas platforms can serve Taiwanese users only if they register; unregistered ones face marketing and access restrictions.
Upcoming licensing law
A draft Virtual Asset Services Act (June 2025) proposes fines and jail time for rogue operators and special rules for stablecoins—watch this space.
Credit-card ban
Since 2022, Taiwanese credit cards cannot fund crypto buys. Use bank transfers, cash, or e-wallet rails instead.
3. Where to buy Bitcoin
A.
Registered Taiwanese exchanges (fastest & most compliant)
Exchange
Typical funding method
Perks
MaiCoin / MAX
Domestic bank transfer, 7-Eleven iBon cash, FPS
Oldest exchange; retail-friendly
BitoPro
Bank transfer, ACH
Deep liquidity, mobile app
ACE Exchange
Bank transfer
Competitive fees, beginner UI
XREX
Bank transfer, US-dollar corridors
Great for cross-border business
(All four are founding members of Taiwan’s industry association and fully AML-registered.)
B.
International platforms (extra due diligence needed)
Binance, Kraken, OKX still accept Taiwanese users but must not “solicit” locals without FSC approval. Transfers are usually via SWIFT, Visa debit, or third-party on-ramps.
C.
Bitcoin ATMs & convenience-store kiosks
Over 15+ Bitcoin ATMs (CoinHero, BitoEX, etc.) across Taipei, Taichung, Kaohsiung, and more—insert TWD cash, scan your wallet QR, and boom!
7-Eleven iBon / FamilyMart FamilyPort: generate a pay code on MaiCoin or BitoEX, pay cash at the counter, and the BTC lands in your wallet within minutes. Limits ~NT$20 k per transaction. (Legacy but still running.)
D.
P2P & OTC desks
Bisq, Paxful, and local Telegram/Line OTC rooms remain popular for larger blocks, but scam risk is higher—meet in a bank branch or police-station lobby and verify ID carefully.
4. Paying for your BTC
Bank transfer (ACH/Faster Payment) – cheapest, usually free.
Cash deposit / kiosk – instant, but incurs ~1 % service fee.
Debit cards & e-wallet rails – supported via some on-ramps like Transak.
Credit cards – blocked if issued in Taiwan; foreign cards sometimes work on overseas sites, but expect middling success.
5. Taxes & reporting
Capital-gains treatment: Crypto profits are folded into regular personal income and taxed on Taiwan’s progressive scale (max 40 %). There’s no separate capital-gains tax—just report the gains on your annual return.
Record-keeping: Keep trade histories and ATM receipts; the tax office can request proof.
Business traders: If you run an OTC desk or high-volume bot, you may be deemed a business and owe 20 % corporate tax. Consult a CPA familiar with digital assets.
6. Pro tips for a smooth purchase
Complete KYC ahead of time—upload ID, take a selfie, and link a local bank.
Use 2-factor authentication on every exchange account; SIM swaps exist!
Start small (e.g., NT$1,000) to test deposit/withdrawal speed before going big.
Check fees & spreads—local TWD pairs often beat USD pairs on price.
Declare gains honestly; Taiwan’s tax office cross-checks bank flows.
Stay scam-smart—if a “friend” asks you to send crypto for an investment, hit pause; fraud is the FSC’s #1 enforcement focus this year.
🎉 Bottom line
Yes—you can absolutely buy Bitcoin in Taiwan! Pick a registered local exchange for the easiest ride, fund with a quick bank transfer or a 7-Eleven cash slip, and you’re stacking sats in minutes. Just play by the FSC’s rules, keep tidy tax records, and you’ll ride the Bitcoin wave from the heart of Asia with confidence and style. Happy stacking! 🚀