Every time you send crypto from one exchange to another above a certain amount, your identifying information may travel with it, shared between the platforms behind the scenes. That is the Travel Rule, a decades-old banking standard now reshaping crypto. This guide explains what it requires, why it exists, and what it means for your privacy.
Summary
- The Travel Rule is an anti-money-laundering requirement that obliges crypto service providers to collect, share, and retain identifying information about the sender and recipient of transfers above a set threshold.
- It originated in traditional banking under the US Bank Secrecy Act and was extended to crypto in 2019 by the Financial…
