Page Comparison

Note

Please familiarize yourself with the Travel Rule here.

For a description of Travel Rule abbreviations and basic concepts, please see:
- Travel Rule Implementation
Self-declaration setup: https://generalbytes.atlassian.net/wiki/x/A4CF4Q

Example Travel Rule Scenarios

Examples: BUY - cash to crypto
Customer (Payer) inserts cash into the crypto-ATM machine and scans the destination wallet address. The ATM Operator (CASP) on behalf of the customer sends coins to a payee.
	BUY destination address:	Classification:	Example:
Scenario A	hosted	CASP to CASP transfer. CASP is required to send the Envelope to the beneficiary’s CASP.	Customer inserts cash and wants his coins to go to his wallet on Binance exchange.
Scenario B	self-hosted and amount < 1000 EUR	CASP to self-hosted wallet transfer. CASP needs to perform best effort to confirm the address is not hosted.	Customer inserts 100 EUR in cash and wants his coins to go to his mobile Trust wallet that has private keys in his mobile phone.
Scenario C	self-hosted and amount > 1000 EUR	CASP to self-hosted wallet transfer. CASP needs to perform best effort to confirm the address is not hosted. CASP should require proof of ownership/control over the wallet.	Customer inserts 1000 EUR in cash and wants his coins to go to his mobile wallet that has private keys in his mobile phone. CASP will require him to provide cryptographic proof.

Examples: SELL - crypto to cash
Customer (Payee) selects amount he wants to withdraw on the ATM and prints a redeem ticket. Customer or somebody else sends coins to a wallet address on a redeem ticket that belongs to the BATM Operator (CASP).
	SELL - originating address is:	Classification:	Example:
Scenario D	hosted	CASP to CASP transfer. CASP is required to receive PII from originating CASP.	Customer sends coins to you from his Binance account.
Scenario E	self-hosted, and amount < 1000 EUR	Self-hosted wallet to CASP transfer. CASP needs to perform best effort to confirm the address is unhosted.	Customer sends coins worth of 100 EUR from his mobile Trust wallet that has private keys in his mobile phone.
Scenario F	self-hosted and amount > 1000 EUR	Self-hosted wallet to CASP transfer. CASP needs to perform best effort to confirm the address is unhosted.	Customer inserts 1000 EUR in cash and wants his coins to go to his mobile wallet that has private keys in his mobile phone. CASP will require him to provide cryptographic proof.

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