Travel Rule

Travel Rule

The Travel Rule is a global regulatory requirement issued by the Financial Action Task Force (FATF). It requires Virtual Asset Service Providers (VASPs), such as cryptocurrency exchanges, to share sender and recipient information when transferring digital assets above a certain threshold. This helps prevent money laundering, terrorist financing, and other illicit activities.

Why Does the Exchange Ask for Additional Information When I Withdraw?

Depending on the withdrawal amount and the destination, you may be asked to provide beneficiary details such as the recipient’s name or account reference. This information is required for Travel Rule compliance and ensures the security and transparency of crypto transfers.

Is My Personal Information Safe Under the Travel Rule?

Yes. All data collected for Travel Rule compliance is protected under strict data privacy and security standards. It is used only for regulatory compliance and will not be shared with unauthorized parties.