EU CRYPTO REGISTER · GLOSSARY · LAST VERIFIED
What is the Travel Rule for crypto-asset transfers in the EU?
The Travel Rule requires originating and beneficiary crypto-asset service providers to collect and exchange identifying information about the sender and recipient of crypto-asset transfers above specified thresholds. In the EU it is codified in Regulation (EU) 2023/1113 (the 'TFR' or 'Transfer of Funds Regulation'), applicable from 30 December 2024 alongside MiCA.
What is the exact legal definition?
Regulation (EU) 2023/1113 on information accompanying transfers of funds and certain crypto-assets, applying the FATF's Recommendation 16 (the original Travel Rule) to crypto-asset transfers. The regulation applies in parallel to MiCA from 30 December 2024. Source: Regulation (EU) 2023/1113.
What does it actually mean in practice?
What information must travel. For each crypto-asset transfer above the threshold, the originating CASP collects and transmits to the beneficiary CASP: the originator's name, account identifier, registered address (or other personal data), and (for non-EU transfers) additional verification data. The beneficiary CASP must verify the information is complete before crediting the recipient.
Threshold. Unlike the funds-transfer Travel Rule which has thresholds, the crypto-asset version under Regulation 2023/1113 has no de minimis: in principle every CASP-to-CASP crypto-asset transfer carries the originator and beneficiary information. The practical implementation uses messaging protocols (Sumsub, Notabene, TRP, IVMS101) to exchange this data.
Transfers to and from self-custody. Transfers to and from unhosted wallets are subject to additional verification requirements for amounts above €1,000, including verifying that the unhosted wallet is owned or controlled by the CASP's client.
Effect on user experience. Crypto-asset transfers between CASPs may take slightly longer or require additional information collection at deposit/withdrawal. Transfers from self-custody to a CASP above €1,000 may require the user to confirm wallet ownership.
Where do we see this in the public record?
| Example | What it shows |
|---|---|
| Legal basis | Regulation (EU) 2023/1113 (Transfer of Funds Regulation as amended) |
| Applicable from | 30 December 2024 |
| Self-custody threshold | €1,000 (additional verification) |
| Common messaging protocols | IVMS101, TRP, OpenVASP, vendor solutions like Sumsub and Notabene |
What else do users ask about this?
Does the Travel Rule apply to wallet-to-wallet transfers?
Between unhosted wallets, no - the regulation applies to transfers involving at least one CASP. Transfers between two CASPs always carry the rule; transfers between a CASP and an unhosted wallet above €1,000 trigger verification obligations on the CASP.
Is the Travel Rule the same in the EU as in the US?
The underlying concept (FATF Recommendation 16) is shared, but national implementations differ. The EU version under 2023/1113 has no de minimis for CASP-to-CASP; the US Treasury's FinCEN proposes a $3,000 threshold in some implementations.
Who enforces the Travel Rule in the EU?
AML supervisory authorities at the Member State level, in coordination with each Member State's NCA for MiCA. The forthcoming EU AML Authority (AMLA) will take on cross-border coordination roles.
Which sources is this entry based on?
- Regulation (EU) 2023/1113 (Transfer of Funds Regulation, crypto extension)
- FATF Recommendation 16 (the original Travel Rule)
- MiCA - parallel regulation
- EBA - AML/CFT guidelines for crypto-asset transfers
Glossary entries on The Crypto Register are sourced from primary legal texts (Regulation (EU) 2023/1114, ESMA guidelines, national regulator publications). They are not legal advice. Last verified .