Stay ahead of the EU’s regulatory landscape without blocking your journey towards growth.
Keep your clients and regulators happy by integrating a Travel Rule solution now, without a year-end rush, compliance gaps, or business disruption.
Enjoy comprehensive coverage for compliant transactions with our protocol-agnostic architecture.
Address every challenge in one place, from integrated AML checks to advanced rule engines. Cover all assets and blockchains, including self-hosted wallets.
Integrate all your verification needs, including Travel Rule compliance, anti-fraud, KYC, and transaction monitoring.
Join Sumsub’s Travel Rule Ecosystem and get free
access to our Travel Rule solution for six months.
Enjoy seamless interoperability across current and future protocols with Sumsub. Exchange information securely and effortlessly within our platform, free from the concerns of evolving regulations.
Instantly receive notifications about politically exposed persons (PEPs) and individuals listed in global sanctions and watchlists to stay compliant and mitigate risk.
Allows VASPs to verify ownership of self-hosted wallets, ensuring transparency and security in cryptocurrency transactions.
The solution integrates with all existing or synthetic tokens. Navigate the diverse blockchain landscape without restrictions.
Experience thorough CASP Due Diligence, building trust through effective counterparty sanctions screening.
Automate decisions and meet all regulatory requirements with our flexible Rules Engine that builds custom rules and creates library updates.
Leverage Sumsub's robust data sources and checks to carry out risk-based decisions regarding the CASP Sunrise issue.
Sumsub excels in CASP discovery through strategic partnerships with leading blockchain analytics companies, attributing wallets with precision.
Avoid costly multiple vendors with one full-cycle verification solution that includes Travel Rule, anti-fraud, KYC, and Crypto Transaction Monitoring tools.
The new EU crypto regulation comprises of two key acts: the Markets in Crypto Assets Regulation (MiCA) and the revised Regulation on information accompanying transfers of funds and certain crypto-assets (TFR). MiCA establishes a unified legal framework for crypto-assets in the EU, while TFR specifically addresses the Travel Rule. These regulations came into force in June 2023 and will apply to all EU Crypto Asset Service Providers (CASPs) starting from December 30, 2024.
The Travel Rule regulation mandates that originating Crypto Asset Service Providers (CASPs) gather and maintain precise originator information and essential beneficiary details for virtual asset (VA) transfers. Additionally, it requires the submission of this information to the beneficiary CASP. This rule has evolved from practices in traditional finance, and has been applied to CASPs by regulators since 2019. These changes are part of the broader European crypto regulation framework.
Currently, there is no established EU Travel Rule crypto threshold. However, for international transfers exceeding EUR 1,000, a greater amount of data must be transferred. These regulations are part of the broader EU cryptocurrency regulatory landscape.