Travel Rule

What is the Travel Rule ?

The Travel Rule refers to recommendation 16 issued in June 2019 by the Financial Action Task Force (FATF). This rule requires virtual asset service providers (VASPs) to share identity details and know-your-customer (KYC) data between them before transacting together. More simply put, for each transaction, the origin VASP must transfer data about the sender to the destination VASP and the destination VASP must transfer data about the receiver to the origin VASP. The FATF assesses the progress made by the public and private sectors in the implementation of the Travel Rule every year.

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The Travel Rule refers to recommendation 16 issued in June 2019 by the Financial Action Task Force (FATF). This rule requires virtual asset service providers (VASPs) to share identity details and know-your-customer (KYC) data between them before transacting together. More simply put, for each transaction, the origin VASP must transfer data about the sender to the destination VASP and the destination VASP must transfer data about the receiver to the origin VASP. The FATF assesses the progress made by the public and private sectors in the implementation of the Travel Rule every year.

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