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Supported countries

country Switzerland
country Lithuania
country Cyprus

Supported blockchains

icon ADA
icon AVAX
icon BCH
icon BNB
icon BRZ
icon BTC
icon DOGE
icon USDC
icon ETH
icon LINK
icon LTC
icon SOL
icon TRX
icon USDT
icon XLM
icon XRP
icon DOT
icon XTZ
icon AUD
icon CHF
icon EUR
icon GBP
icon USD
Avalanche
BNB
BSC
Bitcoin
Bitcoin Cash
Cardano
Dogecoin
Ethereum
ERC 20 tokens
Polkadot
Polygon
Ripple
Solana
Stellar
Tezos
Tron
Avalanche
BNB
BSC
Bitcoin
Bitcoin Cash
Cardano
Dogecoin
Ethereum
ERC 20 tokens
Polkadot
Polygon
Ripple
Solana
Stellar
Tezos
Tron
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Supported Integrations

Banks
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Custodians
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Exchanges
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What is travel Rule?

The Travel Rule is a regulation imposed by the Financial Action Task Force (FATF) that requires Virtual Asset Service Providers (VASPs) to share information about their customers and transactions with other VASPs when sending or receiving virtual assets.

A virtual asset (VA) is defined by the FATF as a digital representation of value that can be digitally traded or transferred and can be used for payment or investment purposes, which includes cryptocurrencies like bitcoin and ether.

A Virtual Asset Service Provider (VASP) is defined as any natural or legal person who conducts one or more of the following activities or operations for or on behalf of another natural or legal person:

  • exchange between virtual assets and fiat currencies;
  • exchange between one or more forms of virtual assets;
  • safekeeping and/or administration of virtual assets or instruments enabling control over virtual assets;
  • and participation in and provision of financial services related to an issuer’s offer and/or sale of a virtual asset.

Self-hosted wallets are not subject to Travel rule, however, under certain circumstances they may fall under its scope.

The Travel Rule is important for preventing money laundering, terrorist financing, and other illicit activities that could be facilitated by virtual assets.

While this may vary by country, the FATF recommends that the following main: Personally Identifiable Information (PII) to be sent:

  • legal name of sender/recipient
  • address of sender/recipient
  • account number of sender/recipient

Differences in Personally Identifiable
Information (PII) under Travel Rule across jurisdictions

Required for originator
Required for beneficary
Name
Account No.
(wallet address)
Physical address
National ID
Customer ID
Date &
Place of birth
Date of birth
Unique Reference
Number
icon FATF
icon Switzerland
icon Lithuania
icon Cyprus

* Certain fields may be optional, or only be necessary if they exist

Travel Rule Requirements by Jurisdiction 

MarketGuard acknowledges that the crypto Travel Rule requirements differ across various jurisdictions and can change rapidly, making it difficult to keep up with compliance. To provide tailored Swiss crypto solutions to meet clients' unique needs, MarketGuard has chosen to focus on three main jurisdictions:

country

Switzerland

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country

Lithuania

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country

Cyprus

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country

EU

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Travel Rule Guide

Check out our Travel Rule Guide to learn more about being compliant with new regulations.

Depending on whether the counterparty of your transaction is a VASP (Virtual Asset Service Provider) or an self-hosted wallet, and what activity you are performing (deposit or withdrawal), the Travel Rule workflow for the transaction may differ. Explore the steps to take in your specific case.

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MarketGuard’s compliance solution offers a suite of tools designed to help financial institutions and VASPs comply with regulatory requirements, including the Travel Rule. The solution allows digital asset businesses to prepare for sharing sensitive data with other authorized businesses involved in a transaction, ensuring compliance with the Travel Rule while protecting customer privacy.

Expand Expand pic

MarketGuard’s compliance solution offers a suite of tools designed to help financial institutions and VASPs comply with regulatory requirements, including the Travel Rule. The solution allows digital asset businesses to prepare for sharing sensitive data with other authorized businesses involved in a transaction, ensuring compliance with the Travel Rule while protecting customer privacy.

Expand Expand pic

MarketGuard’s compliance solution offers a suite of tools designed to help financial institutions and VASPs comply with regulatory requirements, including the Travel Rule. The solution allows digital asset businesses to prepare for sharing sensitive data with other authorized businesses involved in a transaction, ensuring compliance with the Travel Rule while protecting customer privacy.

Expand Expand pic

MarketGuard’s compliance solution offers a suite of tools designed to help financial institutions and VASPs comply with regulatory requirements, including the Travel Rule. The solution allows digital asset businesses to prepare for sharing sensitive data with other authorized businesses involved in a transaction, ensuring compliance with the Travel Rule while protecting customer privacy.