TR Custodial Compliance

A Travel Rule provider is used whenever you must securely exchange and record customer identification data with counterparties during cryptocurrency transactions.

• Currently, this requirement only exists for Operators in the EU.

• Currently, Notabene is the only supported option: https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/3843850243/Notabene?atlOrigin=eyJpIjoiOTM0YjJiYjRmMDgzNDhkNWEzMzEzNTlmMWEwMTdmMjciLCJwIjoiYyJ9

This article describes how to setup a VASP provider, with examples provided for Notabene.

More information about the Travel Rule: https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/3690299419

Custodial Wallet: status transitions

Open

Custodial Wallet: flow chart

Open

Custodial Flow CAS Configuration

Add a Travel Rule Provider.

• Navigate to Travel Rule Providers.

• Click +ADD

• Enter the Client ID and Client secret (required).

  • e.g. Notabene: the credentials are found in: API Credentials.

• Click SUBMIT.

Open

• A validation notification should appear - “Configuration is valid” or “Configuration is not valid”.

Open

• Use the “TEST CONFIGURATION” button to retest as needed.

Fetch VASPs

After the Travel Rule Provider is correctly configured, you’ll need to fetch an updated VASP list.

• Click “REFETCH VASPS” . This action will fetch all known VASPs from this provider.

• Those VASPs will then be listed on VASPs page: https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/3671359504/Travel+Rule+VASPs?atlOrigin=eyJpIjoiZTM1NzhiMWE1MGE5NGRhMWJmNjNiYmIyNjkyMWUzNzQiLCJwIjoiYyJ9

Open

VASP Filtering

1. Navigate to your VASP list: https://generalbytes.atlassian.net/wiki/spaces/ESD/pages/3671359504

2. Select your preferred VASPs. The selected VASPs will be shown on the BATM screen to the Customer during a transaction. Your customer will have the option of selecting arbitrary VASPs (see video).

Open

• Mark desired VASPs as favorites (or hidden).

  • Favorites will be displayed at the top of the list (starred), and also at the top at the BATM.

  • Hidden VASPs won’t be visible or searchable on terminal.

Open

Travel Rule Settings

• Add (or reconfigure) your Travel Rule Setting.

• Select the Travel Rule Provider that offers custodial wallets.

• Select the VASP that represents your Organization.

  • This VASP must have the correct DID (e.g. Notabene > API Credentials > Your VASP DID).

Open

Open

• The “Counterparty response delay” represents the time that the BATM will wait for a response from the VASP counterparty.

Open

• You may combine Travel Rule Settings with both custodial, unhosted, and self-declared wallet ownership.

Open

Outgoing Transfers Detail:

When customer perform transaction with custodial wallet on terminal.
Wallet type - Custodial

Open

VASP representing your organization

Open

VASP selected by customer on terminal

Open

Transfer status

Open

And other information about the transaction - transaction type, terminal, originator and beneficiary

Open

Terminal flow - custodial wallet:

Open

• Demonstration of a BUY using an unknown wallet,

  • where the Customer selects the option “Custodial”, and selects the Counterparty VASP.

• When the Customer's wallet is known to the server, the flow will be slightly different:

  • the customer doesn’t need to select the wallet type or VASP, and

  • they go directly to the [enter amount] screen.

Testing Custodial Flow

You can create dummy Travel Rule VASP tests (simulating a VASP provider response) by creating a demo configuration in this config file:

https://generalbytes.atlassian.net/wiki/x/AQDZ-g

It’s main purpose is to test all interactions with external travel rule services. This covers the TR API.

If you want to test if the TR provider can provide the wallet type, then configure that wallet as a known wallet. This data will be used to determine the wallet type (if not already resolved e.g. from previous transaction).

Custodial flow specifics:

By default there are 3 available VASPs simplifying custodial flow tests:

• Accept transfer VASP - when selected: the transfer will be approved by the demo provider.

• Reject transfer VASP - when selected: the transfer will be rejected by the demo provider.

• Timeout transfer VASP - when selected: the transfer won’t be resolved by the provider until the time limit expires.