Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 2 Next »

E

image-20241211-155845.png

IMPORTANT

The Travel Rule currently requires that every BUY order must be sent to your customer via

  1. a paper wallet, https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/963281004/Terminal+Settings#Printing-Settings-(for-BATMs-with-attached-printers)

  2. a PDF wallet (see: PDF Wallet Generation),

  3. SMS,

  4. or Email.

There is currently no way (using the TR) to send coin to any other type of wallet!

  • It is impossible to technically identify the owner of the customer-presented wallet, so

  • therefore those wallets do not comply with Travel Rule requirements.

What is this?

This feature enables you to comply with your regional Travel Rule legal requirements, and enables compliant transactions for your customers.

Components

image-20241212-155224.png

Outgoing Transfers

View the transfer logs.

image-20241212-155149.png

Travel Rule Settings

Configure your Travel Rules.

image-20241212-155127.png

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.

image-20241212-155057.png

VASPs

Add or adjust a VASP:

  • Virtual Asset Service Provider

Example

This example enables immediate self-hosted compliance for your Organization.

  1. Create a Travel Rule Provider: “Internal”, see: Travel Rule Providers

  2. Create a new VASP, see: Travel Rule VASPs

  3. Add a new Setting, see: Travel Rule Settings

  4. Configure your AML/KYC setting to use the new Travel Rule, see: https://generalbytes.atlassian.net/l/cp/U57zcH33

  5. Configure your Terminal(s) to use the proper AML/KYC setting, see: https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/963281004/Terminal+Settings#General-Settings

Any transaction that has been packaged via a Travel Rule can be viewed from the Transaction Log:

image-20241206-122806.png

An example Transfer/Envelope:

image-20241206-122403.png
  • No labels

Copyright © 2020-2024 General Bytes USA LLC