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One of these rules is the “Travel Rule”. The Travel Rule mandates that certain information about the sender and receiver of a transaction must "travel" with the transaction itself when money (or value) is transferred between financial institutions or Virtual Asset Service Providers (VASPs). This wallet generation feature is a method of complying with that Travel Rule This typically applies where transactions may exceed a certain threshold (typically $1,000 or €1,000).
This wallet generation feature is a method of complying with that Travel Rule.