What is the Travel Rule?

Modified on:

The Travel Rule is a regulatory measure pushed by the Gibraltar Financial Services Commission (GFSC) following The Financial Action Task Force (FATF) recommendations.

Under the Travel Rule, institutions are required to share information about their customer and the person they’re sending or receiving funds from when it’s above 1000 EUR.

The Travel Rule exists in the crypto space to prevent financial crime, like money laundering or financing terrorism. Since Bitso is a regulated entity by the GFSC, we are required to comply with this rule.

Was this useful?