Offshore Crypto Exchanges in Taiwan: FSC Register Check

If you live in Taiwan and want to use an offshore exchange such as Binance or OKX, there are three separate questions to check: how Taiwan's rules treat exchange operators, who is on the Financial Supervisory Commission (FSC) register, and whether each exchange's own user agreement restricts Taiwan. This guide checks all three against the official texts for the 11 exchanges we cover (Binance, OKX, Bybit, Gate, Bitget, MEXC, Pionex, WEEX, XT.COM, HTX, Ourbit). It states facts and risks only and is not legal advice; for your own situation, ask a lawyer or the regulator.

Quick answer

• The rule: under Article 6 of Taiwan's Money Laundering Control Act, a virtual asset service provider must complete AML registration with the FSC before offering services; an offshore provider must also register a company or branch in Taiwan under the Company Act. The penalty in paragraph 4 targets anyone who provides virtual asset services without completing registration.
• The register: as of 2026-09-28, none of the 11 exchanges on this site is on the FSC list of registered providers (list updated 2026-09-03, 10 firms).
• The terms: HTX's user agreement expressly prohibits users from Taiwan from trading derivatives. The restricted-jurisdiction lists of OKX, Gate, Bitget, MEXC, Pionex, WEEX, XT.COM and Ourbit do not name Taiwan. We could not retrieve the full terms of Binance and Bybit, so those two are unverified.
• What it means: an unregistered offshore exchange is not supervised by the FSC, and most of these agreements choose a foreign governing law, some also sending disputes to arbitration.

Taiwan's VASP registration regime

VASP stands for virtual asset service provider. Since 30 November 2024, the new Article 6 rules of Taiwan's Money Laundering Control Act and the registration regulation under it have replaced the old "compliance declaration" system with mandatory AML registration. There are two layers.

Layer one: Article 6 of the Money Laundering Control Act

A virtual asset service provider that has not completed AML registration with the competent authority may not provide virtual asset services. An offshore virtual asset service provider may not provide virtual asset services within Taiwan unless it has registered a company or branch under the Company Act and completed AML registration. (Unofficial summary of Article 6, paragraph 1, Laws and Regulations Database of Taiwan)

Paragraph 4 of the same article sets the penalty for providing virtual asset services without registration at up to two years' imprisonment, detention, and/or a fine of up to NT$5 million; paragraph 5 adds a fine of up to ten times that amount for a legal entity. The penalty in paragraph 4 is worded as applying to whoever provides virtual asset services without completing AML registration.

Layer two: the VASP AML Registration Regulations

Under Article 6, paragraph 2, the FSC issued the Regulations Governing AML Registration of Virtual Asset Service Providers (issued 26 November 2024, effective 30 November 2024). Key points:

• Scope (Article 2): businesses that, "within Taiwan", exchange virtual assets for fiat or other virtual assets, transfer them, hold them in custody, or provide issuance and sale services for others; the regulation separately defines an "offshore virtual asset service provider".
• No registration, no business (Article 3): providers register by business type (exchange, trading platform, transfer, custody, underwriting), and those that have not completed registration may not operate.
• Offshore providers (Article 5, paragraph 3): an offshore provider that has not registered a company or branch under the Company Act may not apply for AML registration.
• Transition (Article 30): firms under the old declaration system had to complete registration by 30 September 2025 or stop operating.

The same regulation lists the duties a registered provider takes on, which are exactly the protections you do not get from an unregistered platform: customer fiat currency held in trust or backed by a full bank performance guarantee (Article 11), a customer complaint procedure (Article 13), public disclosure of the registration number, fees and customer protection measures (Article 14), and, for providers that offer custody, keeping customer assets separate from the firm's own assets (Articles 23 and 24).

Where to check the FSC register

The Securities and Futures Bureau's VASP page (in Chinese) publishes three lists, last updated 2026-09-03:

1. Providers that have completed AML registration: 10 firms. The attached PDF gives each firm's trading brand and approved business types. According to the PDF, the brands are HOYA BIT, ZONE Wallet, KryptoGO Transfer, MaiCoin/MAX, TWEX, Chainss and Atrix, BitoPro, XREX, TSG EX and Liminal. KryptoGO Transfer is approved for transfer services only and Liminal for custody only, so not every registered firm is a trading platform.
2. Providers that voluntarily cancelled their registration: 1 firm.
3. Former declaration-system firms that did not complete registration and may no longer provide services: 18 firms.

This summarises the FSC's notice and is not a recommendation of any firm. The lists change, so always check the latest version of the Bureau's page and PDF, and compare the company name, business registration number and official website in the PDF to avoid look-alike scam sites.

Status of the 11 exchanges from Taiwan

The "restrictions in the terms" column is based on reading each exchange's official user agreement on 2026-09-28. "Governing law" is the law the agreement chooses for disputes, which decides where and under which rules any problem would be handled.

XT.COM's user agreement sits on its help-center domain, which cannot be opened directly from Taiwan, so we do not link it; the wording above is the version we read on the check date.

How each agreement treats Taiwan

HTX: derivatives are expressly off-limits for Taiwan

HTX is the only one of the 11 whose user agreement names Taiwan. Clause 1.2 (Restricted Jurisdictions) of the September 2026 HTX Platform User Agreement says:

Users from the following jurisdictions are prohibited from trading in derivatives: Taiwan China, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan and New Zealand. (HTX Platform User Agreement, clause 1.2)

The same clause defines "from" a jurisdiction as an individual who is resident in or physically located there, or an entity incorporated there or with its principal place of business there. In other words, under HTX's own terms, users in Taiwan should not use HTX futures or other derivatives; spot trading is not covered by this clause. The clause also says the list may change without notice.

The eight that do not name Taiwan: that is not the same as protection

OKX, Gate, Bitget, MEXC, Pionex, WEEX, XT.COM and Ourbit do not list Taiwan, but keep two things in mind:

• The lists are open-ended: Gate says the locations "include but are not limited to", Bitget adds "such other locations as designated by Bitget from time to time", and MEXC calls its list "non-exclusive and subject to change". Any of them can add a jurisdiction at any time.
• The terms only say whether the exchange will serve you: they do not turn the exchange into an FSC-supervised provider or give you the protections described above.

Several agreements also deal with false location claims. MEXC, for example, says that if you have misrepresented your location or residence it may terminate the account immediately and liquidate positions, and XT.COM clause 3.3.4 says the same in substance. Do not misstate where you live to get around a restriction.

Ourbit's contracting entity is Ourbit Holdings Ltd., incorporated in the British Virgin Islands; its other risks are covered in the risk section of our Ourbit rebate guide.

Binance and Bybit: not verified this time

On the check date we could not retrieve the full text of Binance's Terms of Use or Bybit's Platform Terms and Conditions, so we do not describe their restrictions here. Before using either, open the Terms link in the site footer and search for "Taiwan" and the restricted-jurisdiction clause.

What this means for users in Taiwan

No FSC supervision

Fiat held in trust or under a bank guarantee, segregated customer assets, a complaint procedure and public disclosures all come from the VASP registration regulation. Unregistered offshore exchanges sit outside that framework, and the FSC does not check whether they do any of these things.

Disputes follow the foreign law chosen in the terms

As the table shows, the agreements choose the laws of England and Wales, Panama, Hong Kong, Saint Vincent and the Grenadines, Pakistan and so on, and OKX and WEEX, among others, send disputes to arbitration. If an account is frozen, assets are disputed or the platform fails, the terms point any dispute to that foreign law and the dispute process they set out. OKX's terms also warn that digital asset transactions may not be covered by any government investor compensation fund.

Deposits, withdrawals and fiat access

None of the 11 is a registered provider in Taiwan, so the fiat trust or bank guarantee rules above do not apply to them. A common approach among users in Taiwan is to buy a stablecoin such as USDT with New Taiwan dollars on a registered local platform, then withdraw it to the offshore exchange, and to reverse the steps to cash out. The local platform is supervised by the FSC, but once the assets move to an offshore exchange they leave that protection behind.

The FSC's reminder of 22 September 2025

When it announced the list of providers that had completed AML registration on 2025-09-22, the FSC added this reminder:

Even though some providers have completed AML registration, virtual assets have no price limits and can swing sharply, so trading is high-risk and the public should assess the risks carefully. Fraud rings often use lines such as "guaranteed profit" and "high return, low risk" to lure people into buying virtual assets, then demand extra payments, citing an unfreezing fee, a deposit or taxes, before the "returns" can be withdrawn. The FSC urges the public not to believe false promises of high returns and recommends trading through providers that have completed AML registration. (Unofficial translation, FSC press release, 2025-09-22)

Scam warning signs

Breaking down the tactics named in the release, stop if you see any of these:

• "Guaranteed profit" or "high return, low risk": virtual assets have no price limits, so any promise of guaranteed gains contradicts the risk the release describes.
• An "unfreezing fee" before you can withdraw: you are told your account or funds are frozen and must send money to release them.
• A "deposit" before you can collect profits: this is not trading margin but an extra payment demanded by the scammer.
• "Taxes" to be paid before withdrawal: you are asked to send money to an account or address they specify in the name of tax.

Any request to pay money first in order to get your own money back is the classic scam the release describes.

If you decide to use an offshore exchange: a self-protection checklist

1. Turn on two-factor authentication (2FA): use an authenticator app or hardware key rather than SMS alone, and enable a withdrawal whitelist if offered.
2. Confirm the official website: log in from the official app or your own bookmark, not from links in DMs or ads.
3. Do not keep everything on one exchange: consider moving long-term holdings to a wallet whose keys you control.
4. Check proof of reserves: several exchanges publish a reserve ratio, defined as platform assets divided by user assets, where 100% or more means the books cover user balances; see for example OKX, Gate, Bitget, HTX and WEEX. A reserve report is a snapshot, not supervision or insurance.
5. Watch each exchange's jurisdiction terms: HTX, for instance, restricts derivatives for Taiwan. Terms change, so re-read the latest version before important moves.
6. Keep records: save deposit, withdrawal and support-chat screenshots in case you need to complain or report a case.

Where fee rebates fit in

A fee rebate only needs your exchange UID. It never needs your password, API key or withdrawal permission, and the rebate platform never touches your assets, so binding a rebate neither adds to nor reduces your exposure to the exchange. The regulatory and contractual points above apply whether or not you use a rebate. For how the rebate mechanism works and why it is safe, see is a crypto fee rebate safe.

FAQ

Can I use offshore exchanges from Taiwan?

We do not give a legal conclusion. The verifiable facts are: Article 6 of the Money Laundering Control Act requires providers, including offshore ones, to register, and paragraph 4 penalises whoever provides services without registering; none of the 11 exchanges here is on the FSC register; and HTX's terms prohibit derivatives trading by users from Taiwan. For your own case, ask a lawyer or the FSC.

How do I check whether a platform is registered with the FSC?

Open the Securities and Futures Bureau's VASP page, look at the list of providers that have completed AML registration, and use the PDF to check the brand, business registration number and official website.

Can I trade HTX futures from Taiwan?

Under clause 1.2 of the HTX user agreement, users from Taiwan (resident in or physically located in Taiwan) are prohibited from trading derivatives. Spot is not covered by that clause, but the terms may change, so read the latest version first.

If the terms do not mention Taiwan, am I protected?

No. It only means the exchange does not currently refuse users from Taiwan in its terms. It is still not an FSC-registered provider, the fiat trust, asset segregation and complaint rules do not apply, and disputes follow the foreign law chosen in the agreement.

Does binding a rebate increase my risk on an offshore exchange?

No. Binding uses only your UID, and the rebate platform cannot access your account or assets. The exchange's regulatory and contractual risks exist whether or not you bind a rebate.

Further reading

• Is a crypto fee rebate real and safe?
• KYC comparison across 11 exchanges
• HTX fee rebate guide
• Ourbit fee rebate guide and risks
• What an exchange UID is and where to find it

Data verified: 2026-09-28 (FSC list version of 2026-09-03; exchange terms as read on the check date; both the terms and the list may change at any time).