Announcement from Chunghwa Post
Chunghwa Post announced today that it will cease and terminate its agreement for transfer services related to virtual currency platforms (i.e., cryptocurrency trading platforms). This means that users will no longer be able to transfer funds into the deposit accounts of cryptocurrency platforms using Chunghwa Post’s financial cards, online postal services (including the APP), or telephone voice channels.
Specific Measures Include:
Stop New Settings: From the date of the announcement, Chunghwa Post will no longer permit users (whether in-person or online) to set cryptocurrency platform deposit accounts as target accounts for agreed transfers. This applies to financial cards, online postal services (including the APP), and telephone voice channels.
Terminate and Stop Existing Settings: For accounts that have already been set as agreed transfer accounts, if they belong to cryptocurrency platform deposit accounts, from May 28, 2025 (the 114th year of the Republic), the following actions will be taken:
- Termination of Settings: These accounts will be removed from the automated platform’s “Agreed Transfer Account List,” and users will no longer be able to see or use these settings.
- Service Suspension: Even if previously set, users will not be able to continue transferring to cryptocurrency platforms through these channels.
It is important to emphasize that Chunghwa Post is only terminating the “Agreed Transfer Service,” and the “General Transfer Services” related to cryptocurrency deposit accounts will not be affected.
Chunghwa Post pointed out in the announcement that this adjustment is to “ensure account usage safety.” This may be related to the risks associated with cryptocurrency trading in recent years, such as fraud, money laundering, or fund security issues. Taiwanese financial regulatory authorities (such as the Financial Supervisory Commission) have implemented stricter regulations on cryptocurrency trading platforms in recent years, particularly concerning anti-money laundering (AML) and KYC requirements.