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: Notabene

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

More information about the Travel Rule: Travel Rule Implementation

Custodial Wallet: status transitions

Custodial Wallet: flow chart

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.

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

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: Travel Rule VASPs

VASP Filtering

Navigate to your VASP list: Travel Rule VASPs
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).

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.

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).

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

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

Outgoing Transfers Detail:

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

VASP representing your organization

VASP selected by customer on terminal

Transfer status

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

Terminal flow - custodial wallet:

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.

General Bytes Knowledge Base