Travel Rule Integration

What is the Virtual Assets (Crypto) Travel Rule? 

The Travel Rule is a key AML/CTF measure mandating that virtual asset service providers (VASPs) obtain, hold, and transfer information about the originators and beneficiaries of virtual asset transfers to their counterparties. 

Details required include, among other things, names, addresses, and wallet addresses, ensuring transparency and accountability within transactions. 

VASPs act as crucial gatekeepers, playing a pivotal role in upholding regulatory measures and the integrity of the virtual assets (crypto) ecosystem.\ \ More information on the Travel Rule is available here.

Who needs to comply?

VASPs and other obligated entities engaged in virtual asset transfers.

How does Cointree comply?

Cointree strategically partnered with Sumsub to uphold regulatory compliance, addressing specific Travel Rule regulations. This partnership empowers us to navigate complex requirements while ensuring adherence to stringent industry standards.

What is Sumsub?

Sumsub is a full-cycle verification platform integrating KYC, Fraud Prevention, AML, Virtual Asset (Crypto) Transaction Monitoring, and Travel Rule compliance, that streamlines user verification and monitoring processes.\ \ Sumsub has one of the largest VASP networks, a protocol-agnostic architecture supported by third-party integrations, an advanced rules engine and an offering that encompasses all assets and blockchains, including unhosted wallet verification.\ \ Learn more ➡️