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What is this?

This feature helps you comply with your regional Travel Rule legal requirements.

The intent of the Travel Rule is to attach both Sender and Recipient details to every transaction.

The Travel Rule is a regulatory requirement designed to prevent money laundering and terrorist financing, particularly in the financial and cryptocurrency industries. It comes from the Financial Action Task Force (FATF) guidelines. The Financial Action Task Force ( FATF ) is an international organization created to combat money laundering, terrorist financing, and other threats to the integrity of the global financial system.

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) (or Crypto-Asset Service Providers: CASPs).

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Sender Information, including: name, wallet address, and a physical address, national ID number, or other identifying information. This is your information, you already know it, but the Travel Rule now forces you to attach it to the transaction so that it may be examined by an interested party.
Receiver Information, including: name & wallet address. If you don’t already implement strict KYC, then the Travel Rule now forces the matter.

Glossary

The Travel Rule introduces some new terms and acronyms. Here’s a quick reference:

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	Outgoing Transfers View the transfer logs.
	Travel Rule Settings Configure your Travel Rules.
	Travel Rule Providers Add or adjust a Travel Rule Provider. You may be your own Travel Rule Provider (“internal”), or you can contract with an external provider. We will begin adding additional Providers in 2025.
	VASPs Add or adjust a VASP: Virtual Asset Service Provider