The Travel Rule for crypto assets, formally referred to as the Transfer of Funds Regulation (TFR), is a regulation adopted by the European Union in 2023 to extend the scope of existing
anti-money laundering (AML) obligations to crypto-asset transfers. It aligns the crypto sector with the Financial Action Task Force (FATF)’s Recommendation 16, commonly known as the Travel Rule.
Under TFR, Virtual Asset Service Providers (VASPs) such as crypto exchanges and custodial wallet providers must collect, verify, and share specific originator and beneficiary information for every transfer of crypto assets valued at €1,000 or more. The rule applies to both intra-EU and cross-border crypto transfers and requires interoperability across service providers to ensure data compliance.
This regulation applies to
crypto exchanges, custodial wallet providers, fintechs, payment processors, and any regulated institution handling virtual asset transfers in the EU.