Elena
Tue Jun 11 2024
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6 answers
1043
What is the travel rule for cryptocurrency?
Could you please explain what the travel rule pertains to in the context of cryptocurrency? I'm interested in understanding how it applies to digital assets and transactions in this realm. Could you elaborate on the specific requirements and regulations associated with the travel rule for cryptocurrency? I'm particularly curious about how it affects individuals and businesses involved in crypto transactions across borders.
CryptoDynasty
Mon Jun 10 2024
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5 answers
1039
What is the travel rule for crypto in Europe?
I'm quite intrigued by the intricacies of cryptocurrency regulations. Could you elaborate on the travel rule pertaining to crypto in Europe? I've heard that it involves some form of verification when transferring large sums, but I'm not entirely sure of the specifics. Could you please explain what the travel rule entails, and how it impacts individuals and businesses engaging in crypto transactions across European borders? It would be helpful to understand the legal framework surrounding this, as well as any potential challenges or limitations it might pose.
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?
CryptoProphet
Sat Jun 08 2024
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7 answers
2016
What is the travel rule for crypto in Hong Kong?｜Hong Kong Crypto Travel Rule Specifications . This means certain information must be obtained and shared with the participating VASPs: The name of the business or individual making the transaction (the originator).All virtual asset transfers that exceed 8,000 HKD (1,000 USD) must be subjected to the terms of the rule
Could you please clarify what the travel rule for cryptocurrency specifically entails in Hong Kong? It seems that certain transactions involving virtual assets above a certain threshold must adhere to certain regulations. Would you mind explaining what kind of information needs to be gathered and shared with participating VASPs? Is it the identity of the individual or business involved in the transaction, also known as the originator? And just to confirm, are all virtual asset transfers exceeding 8,000 HKD (or approximately 1,000 USD) subject to these rules? Thank you for your assistance in clarifying this matter.
Valentina
Fri Jun 07 2024
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7 answers
1512
What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
Could you elaborate on the travel rule for cryptocurrency in Europe? How does this regulation, already established in traditional finance, apply to digital asset transfers? Additionally, could you clarify what information regarding the asset's source and beneficiary is required to "travel" with the transaction and how it is stored on both sides of the transfer? This seems to be a crucial aspect of ensuring transparency and accountability in the crypto market.
