CryptoVanguard
Sat Jun 08 2024
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6 answers
1281
What is the travel rule for cryptocurrency?｜The Travel Rule is a key AML/CFT measure which .mandates that VASPs obtain, hold, and exchange information about the originators and beneficiaries of virtual asset transfers
Could you please elaborate on the Travel Rule for cryptocurrency? It's mentioned as a crucial AML/CFT measure, but I'm not entirely clear on how it works. Specifically, what does it mean for VASPs to obtain, hold, and exchange information about the originators and beneficiaries of virtual asset transfers? How does this help in preventing money laundering and terrorism financing?
