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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 may be your information - or your funding Exchange’s information. The Travel Rule now forces you to disclose and attach it to the transaction so that it may be examined by an interested any authorized party.
Receiver Information, including: name & wallet address. If you don’t haven’t already implement strict KYC, then the Travel Rule now forces the matter. To comply with the Travel Rule, you must now (at least) collect your customer’s Name.
Glossary
The Travel Rule introduces some new terms and acronyms. Here’s a quick reference:
Term | Description | Reference | |||
|---|---|---|---|---|---|
CASP VASP | VASP | Crypto Asset Service Providers | Virtual Asset Service Providers | In the context of CAS, the Provider may be yourself or the funding Exchange. | |
DID | Digital ID | ||||
Envelope | A packaged transaction (in CAS),
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Travel Rule Provider | A third-party that enables authorized access to view the TR envelopes. | ||||
Originator | You, Sender, Payor
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Beneficiary | Your customer, Receiver, Payee |
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