Data that travels with every transfer.
Data that travels with every transfer.
Data that travels with every transfer.
The Travel Rule requires Virtual Asset Service Providers (VASPs) to send identifying information about the sender and recipient alongside qualifying crypto transfers — the same way banks have long done for wire transfers.
The Travel Rule requires Virtual Asset Service Providers (VASPs) to send identifying information about the sender and recipient alongside qualifying crypto transfers — the same way banks have long done for wire transfers.
FATF R.16
Global standard
Originates from FATF Recommendation 16, extended to virtual assets in 2019.
Originates from FATF Recommendation 16, extended to virtual assets in 2019.
Off-chain
Never on the blockchain
Identity data is exchanged VASP-to-VASP over secure, encrypted protocols — not written on-chain.
Off-chain
Never on the blockchain
Identity data is exchanged VASP-to-VASP over secure, encrypted protocols — not written on-chain.
Multi-protocol
Interoperable by design
BTSE integrates with multiple Travel Rule networks to reach counterparties wherever they are.
Multi-protocol
Interoperable by design
BTSE integrates with multiple Travel Rule networks to reach counterparties wherever they are.
THE RULE
THE RULE
What is the Travel Rule?
What is the Travel Rule?
What is the Travel Rule?
When a customer transfers crypto from one VASP to another, certain originator and beneficiary information must “travel” with the transaction — securely, between the two institutions, off-chain.
When a customer transfers crypto from one VASP to another, certain originator and beneficiary information must “travel” with the transaction — securely, between the two institutions, off-chain.
Originator details
The sender’s name, account or wallet identifier, and (above certain thresholds) address, national ID number, or date and place of birth.
Originator details
The sender’s name, account or wallet identifier, and (above certain thresholds) address, national ID number, or date and place of birth.
Originator details
The sender’s name, account or wallet identifier, and (above certain thresholds) address, national ID number, or date and place of birth.
Beneficiary details
The recipient’s name and account or wallet identifier at the receiving VASP.
Beneficiary details
The recipient’s name and account or wallet identifier at the receiving VASP.
Beneficiary details
The recipient’s name and account or wallet identifier at the receiving VASP.
Screen counterparties
Both VASPs can screen the data before funds settle — including against sanctions and watchlists.
Screen counterparties
Both VASPs can screen the data before funds settle — including against sanctions and watchlists.
Screen counterparties
Both VASPs can screen the data before funds settle — including against sanctions and watchlists.
Detect and disrupt
Counters money laundering, terrorist financing, and fraud typologies that rely on anonymous exchange-to-exchange hops.
Detect and disrupt
Counters money laundering, terrorist financing, and fraud typologies that rely on anonymous exchange-to-exchange hops.
Detect and disrupt
Counters money laundering, terrorist financing, and fraud typologies that rely on anonymous exchange-to-exchange hops.
Build regulatory trust
Brings virtual asset transfers in line with traditional finance, supporting broader institutional adoption.
Build regulatory trust
Brings virtual asset transfers in line with traditional finance, supporting broader institutional adoption.
Build regulatory trust
Brings virtual asset transfers in line with traditional finance, supporting broader institutional adoption.
Global adoption
Many jurisdictions now require the Travel Rule for VASPs, with thresholds and data requirements that vary by market.
Global adoption
Many jurisdictions now require the Travel Rule for VASPs, with thresholds and data requirements that vary by market.
Global adoption
Many jurisdictions now require the Travel Rule for VASPs, with thresholds and data requirements that vary by market.
TWO FLOWS, ONE TRANSFER
TWO FLOWS, ONE TRANSFER
One transfer, two secure paths.
One transfer, two secure paths.
One transfer, two secure paths.
OFF-CHAIN — TRAVEL RULE DATA
OFF-CHAIN — TRAVEL RULE DATA
Originator Wallet Operator / VASP
#1 — e.g. BTSE
Sends originator information
Sends originator information
Recipient Wallet Operator / VASP
#2 — counterparty
Recipient Wallet Operator / VASP
#2 — counterparty
Confirms beneficiary information
Confirms beneficiary information
ON-CHAIN — VIRTUAL ASSET
Originator’s Wallet / customer initiates transfer
· 1 BTC
Virtual asset transfer (on-chain)
Virtual asset transfer (on-chain)
Recipient Wallet / credited after screening
· 1 BTC
Recipient Wallet / credited after screening
· 1 BTC
Identifying information moves off-chain between the two VASPs over a secure Travel Rule protocol, while the asset itself settles on-chain. The recipient VASP can screen the counterparty data before crediting funds to the beneficiary.
Identifying information moves off-chain between the two VASPs over a secure Travel Rule protocol, while the asset itself settles on-chain. The recipient VASP can screen the counterparty data before crediting funds to the beneficiary.
FLOW
FLOW
How a transfer works
How a transfer works
How a transfer works
From the moment a customer requests a withdrawal to another VASP, identity data and the asset move on two parallel tracks — and settlement only proceeds once screening clears.
From the moment a customer requests a withdrawal to another VASP, identity data and the asset move on two parallel tracks — and settlement only proceeds once screening clears.
From the moment a customer requests a withdrawal to another VASP, identity data and the asset move on two parallel tracks — and settlement only proceeds once screening clears.
Transfer initiated
A customer requests a withdrawal to another VASP-hosted wallet.
Counterparty identified
The receiving VASP is identified and matched via a Travel Rule protocol.
Data exchanged
Originator and beneficiary information is transmitted securely, off-chain.
Screening & settlement
Both sides screen the data; the on-chain transfer proceeds once cleared.
BTSE’s approach: Multi-protocol by design
BTSE’s approach:
Multi-protocol by design
BTSE’s approach:
Multi-protocol by design
One practical challenge of the Travel Rule is that no single messaging protocol has become universal — different VASPs and regions have converged on different networks. BTSE has built for that reality: our infrastructure integrates with multiple Travel Rule protocols, so we can exchange data with counterparties regardless of which network they operate on.
One practical challenge of the Travel Rule is that no single messaging protocol has become universal — different VASPs and regions have converged on different networks. BTSE has built for that reality: our infrastructure integrates with multiple Travel Rule protocols, so we can exchange data with counterparties regardless of which network they operate on.
BTSE has successfully deployed Travel Rule compatibility with providers including Sumsub and VerifyVASP, and participates in the VerifyVASP Alliance network of connected VASPs.
BTSE has successfully deployed Travel Rule compatibility with providers including Sumsub and VerifyVASP, and participates in the VerifyVASP Alliance network of connected VASPs.
CONNECT WITH BTSE
CONNECT WITH BTSE
VASPs that are keen on initiating a Travel Rule connection with BTSE — to satisfy regulatory obligations on originator and beneficiary data transfer — can reach out to compliance@btse.com to begin the conversation with our compliance team. Please include your entity name, jurisdiction of registration, and the Travel Rule protocol(s) you currently support.
VASPs that are keen on initiating a Travel Rule connection with BTSE —to satisfy regulatory obligations on originator and beneficiary data transfer
can reach out to compliance@btse.com to begin the conversation with our compliance team. Please include your entity name, jurisdiction of registration, and the Travel Rule protocol(s) you currently support.
Contact Us
Contact Us
Contact Us