Types of Travel Rule transfers
Last updated
Last updated
Generally speaking, Travel Rule implementation impacts two primary transaction types:
VASP-to-VASP Transfers – When transferring virtual assets between two regulated VASPs, both parties must securely exchange originator, beneficiary, and transaction details to meet compliance requirements.
VASP-to-Self-Hosted Wallet Transfers – Transactions where a VASP sends or receives funds from a self-hosted (non-custodial) wallet, requiring additional due diligence depending on regulatory requirements. Unlike VASP-to-VASP transactions, transfers involving self-hosted wallets pose additional compliance challenges, as the receiving or sending entity is not a regulated institution.
