Travel Rule Implementation in Crypto: Pre-Transaction vs. Post-Transaction Flow
The EU’s Transfer of Funds Regulation (Regulation (EU) 2023/1113), part of the broader MiCA framework, has introduced stringent requirements to bring crypto markets in line with anti-money laundering (AML) standards. At the heart of these efforts lies the Travel Rule: the requirement for crypto-asset service providers (CASPs) to collect and transmit originator and beneficiary information […]
Complete Guide to Travel Rule Compliance
Understanding the Travel Rule The Travel Rule is a regulatory measure designed to combat money laundering and terrorism financing. Developed by the Financial Action Task Force (FATF), this rule requires Virtual Asset Service Providers (VASPs) to collect and share specific information about transaction originators and beneficiaries. It’s a vital part of global efforts to ensure […]
Are You Ready for MiCA and the Travel Rule?
The clock is ticking for crypto-asset service providers (CASPs) in the European Union. With the Markets in Crypto-Assets Regulation (MiCA) and Transfer of Funds Regulation (TFR) introducing strict compliance requirements, CASPs must act now to ensure they remain operational and competitive in the evolving regulatory landscape. At CryptoSwift, we understand the challenges these regulations pose […]
MiCA and the Travel Rule: key data and self-hosted wallets explained
As crypto service providers begin implementing the Travel Rule, they often encounter challenges due to the complexity of the regulation and the difficulty in navigating various information sources…
