Travel Rule for Crypto-Asset Service Providers (Regulation 2023/1113)

Since 30 December 2024 every crypto-asset service provider in the EU must send, receive and check information about the originator and the beneficiary of each transfer of crypto-assets — the "Travel Rule" of Regulation (EU) 2023/1113. The Financial Supervision Authority examines the Travel Rule procedure as part of a MiCA application, and applies it in supervision afterwards. This guide explains what the rule requires and what our Travel Rule set-up delivers.

The guide is general information, not legal advice.

What Regulation (EU) 2023/1113 requires

Originator's CASP (Article 14): every transfer carries the originator's name, distributed ledger address or account number, and address, official document number or customer number (or date and place of birth), and the beneficiary's name and address or account. There is no de minimis threshold for crypto-asset transfers.
Beneficiary's CASP (Articles 16–17): effective procedures to detect missing or incomplete information, and risk-based procedures to decide whether to execute, reject, return or suspend a transfer, and to follow up with the counterparty.
Self-hosted addresses (Article 14(5) and 16(2)): for transfers above EUR 1,000 to or from a self-hosted address, the CASP assesses whether the address is owned or controlled by its own customer.
Counterparty due diligence: before sending information to another CASP, especially outside the EU, the CASP assesses whether that counterparty can protect the data and is properly supervised (EBA Travel Rule Guidelines).
Records and reporting: records of the information, and reporting of repeated failures by a counterparty to the competent authority.

What the procedure must decide

which protocol or provider is used to exchange the information, and how interoperability with other protocols is handled;
what happens when information is missing, and who decides;
how self-hosted wallet ownership is verified (message signing, micro-transaction or other methods);
how Travel Rule data feeds into transaction monitoring and suspicious transaction reporting under the AML rules.

Our Travel Rule set-up

The Travel Rule set-up () is ordered with a MiCA CASP application or for an authorised CASP. It includes:

the Travel Rule procedure written for your services and wallets;
a memo on the choice and configuration of the Travel Rule provider;
the counterparty due diligence questionnaire and the self-hosted address verification steps;
the links to your AML/CFT rules, which are prepared in the AML/CFT package.

What you receive

a Travel Rule procedure ready for the MiCA application and for supervision;
configuration notes for your provider;
answers to the Financial Supervision Authority's questions on the procedure during the application.

The price is a starting price confirmed in a written quote; it excludes VAT and the provider's own fees. We prepare the documents; the authorisation decision is the Financial Supervision Authority's. All communication takes place by email.

Ready to start? Choose the MiCA CASP class and tick the Travel Rule set-up. Open the quote form.

Frequently asked questions

Is there a minimum amount for the Travel Rule on crypto transfers?

No. Under Regulation (EU) 2023/1113 the originator and beneficiary information must accompany every transfer of crypto-assets, whatever the amount. For transfers above EUR 1,000 to or from a self-hosted address, the CASP must also assess whether the address belongs to its customer.

What must a CASP do when Travel Rule information is missing?

Have effective procedures to detect missing or incomplete information and risk-based procedures to decide whether to execute, reject, return or suspend the transfer, follow up with the counterparty, and report repeated failures to the authority.

Related guides

More on this topic: MiCA crypto licensing.

Travel Rule for crypto-asset service providers