Glossary
Travel Rule
The requirement that originator and beneficiary information travels with a virtual-asset transfer between service providers, mirroring the rule for wire transfers.
Derived from FATF Recommendation 16, the Travel Rule obliges the sending provider to transmit identifying information to the receiving provider, and both to hold it. Implementation is uneven: thresholds, data fields and enforcement differ by jurisdiction.
The operational difficulty is counterparty discovery — knowing which provider controls a receiving address, and exchanging data with them securely — which is why a vendor decision is usually part of implementation.
Where this comes up
See also
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