Global Travel Rule: VASP Compliance Across Jurisdictions
Description
This episode provides an overview of the Travel Rule's implementation across various global jurisdictions. The Travel Rule requires Virtual Asset Service Providers (VASPs) to share customer data during virtual asset transfers to combat money laundering and terrorist financing. Different countries have established varying thresholds, some having zero-threshold rules where all transactions are subject to the regulation, and others setting a minimum transfer amount. Compliance dates and specific requirements, such as those for self-hosted wallets, also differ widely. Some jurisdictions are actively enforcing the Travel Rule, whereas others are in a grandfathering period or have not yet set a date for implementation. VASPs must navigate these differing regulatory landscapes to ensure they comply with the relevant laws.
United States
