Travel Rule

IMPORTANT

The Travel Rule currently requires that every BUY order must be sent to your customer via either 1) a paper wallet, or 2) a PDF wallet.

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 wallet, and therefor is does 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.

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. 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).

For transactions over a certain threshold (often $1,000 or €1,000, but this depends on local regulations), the following details are typically required:

Sender Information, including: name, wallet address, and a physical address, national ID number, or other identifying information. This 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 any authorized party.
Receiver Information, including: name & wallet address. If you 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	Crypto Asset Service Providers Virtual Asset Service Providers	EU Document 32023R1113 In the context of CAS, the Provider may be yourself or the funding Exchange.
DID	Digital ID	https://www.dock.io/post/decentralized-identifiers
Envelope	A packaged transaction (in CAS), compliant with the Travel Rule.
Travel Rule Provider	A third-party that enables authorized access to view the TR envelopes.
Originator	You, Sender, Payor When sent from an Exchange, the Originator will be that Exchange.
Beneficiary	Your customer, Receiver, Payee

Components

	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