Essential insights to help CASPs stay compliant with the EU’s new crypto regulation.
With the EU’s adoption of Regulation (EU) 2023/1113, crypto-asset compliance is evolving. This regulation, also known as the Travel Rule, mandates Crypto Asset Service Providers (CASPs) to meet rigorous standards for data handling and reporting to enhance transparency and mitigate financial crime.
The deadline for Travel Rule implementation for all EU CASPs is December 30th, 2024, so there’s no better time to be aware of what is required. This guide delivers just that. Expect a comprehensive breakdown of the EU Travel Rule’s mandates, offering actionable steps for seamless integration and ongoing compliance. Understand obligations, best practices, and strategies for overcoming typical implementation hurdles to ensure you remain Travel Rule compliant.
In this guide you will learn:
- Key methods to implement the Travel Rule guidelines and manage complex requirements, such as handling missing information or verifying self-hosted wallets
- Effective solutions for addressing challenges like the Sunrise issue and interoperability across jurisdictions
- Steps to avoid the most common compliance missteps for smooth, reliable adoption
CASPs are now accountable for extensive data-sharing and enhanced due diligence in high-risk scenarios. This guide clarifies each regulatory requirement, equipping you with actionable insights to secure compliant crypto-asset transfers while managing real-world operational challenges. From addressing cross-border complexities to ensuring protocol interoperability, you’ll gain the tools needed to meet compliance demands head-on and maintain resilient operations.
