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What is the Travel Rule?

The Travel Rule is a regulatory requirement aimed at enhancing transparency in cryptocurrency transactions. It mandates the exchange of certain information between the sender (Originator) and receiver (Beneficiary) in cryptocurrency transfers to comply with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations.

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When Does the Travel Rule Apply?

The Travel Rule applies in the following scenarios:

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Institution-Hosted Wallets

  • Applies to all transfers to or from institution-hosted wallets.
  • Triggered regardless of the transaction amount.
  • Ensures proper information exchange between financial institutions.

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Self-Hosted Wallets

  • Applies when the transfer amount exceeds €1,000 (or equivalent).
  • Ownership must be verified via wallet verification.
  • For detailed instructions, refer to our Address Verification Guide.

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What is Required from You?

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1. Verify Wallets

Before initiating transactions, ensure that the appropriate wallets are verified:
  • Self-hosted wallets: Verify ownership before using the wallet as an input or output for Autoramps. See our Address Verification Guide.
  • Institution-hosted wallets: Ensure these wallets are registered under your full name and make sure the institution hosting the wallet meets Travel Rule compliance requirements. If you want the Autoramp’s output to be a hosted wallet, read 2 and 3.

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2. Exchange Required Information

Most of the information required for Travel Rule compliance has already been collected during the KYB process. When processing transactions, we only require the following additional details:

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Beneficiary Data

  • First name and last name (individual or business trading name).
  • Travel address (the wallet address for the transaction).
Note:Ensuring the accuracy of this information is essential to prevent delays or rejections during transaction processing.

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3. Follow Implementation Steps

We handle the Travel Rule compliance process for you. Your primary responsibility is to ensure that the beneficiary’s travel address is correctly registered for outgoing transactions:
  • As an Output:
    • Register the wallet’s travel address using our Address Verification Guide.
    • Confirm that the travel address matches the wallet registered to the beneficiary’s name.
By completing these simple steps, you enable seamless transaction processing while ensuring full compliance with Travel Rule regulations.

Address Verification Guide