Valentina
Fri Jun 07 2024
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7 answers
1512
What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
Could you elaborate on the travel rule for cryptocurrency in Europe? How does this regulation, already established in traditional finance, apply to digital asset transfers? Additionally, could you clarify what information regarding the asset's source and beneficiary is required to "travel" with the transaction and how it is stored on both sides of the transfer? This seems to be a crucial aspect of ensuring transparency and accountability in the crypto market.
