The Travel Rule is a global regulatory standard that mandates countries to adopt regulations requiring Virtual Asset Service Providers (VASPs) to collect, verify, hold and transmit certain information such as names and wallet addresses about originators and beneficiaries of crypto transactions. This information must be securely shared with the counterparty VASP before or during the transfer. The goal is to enhance transparency to ensure transaction traceability and support AML / CFT compliance. Many countries have already adopted Travel Rule regulations for VASPs in accordance with standards published by the Financial Action Task Force (FATF).
Binance ADGM global regulated entities and other Binance local licensed / registered entities are committed to complying with Travel Rule regulations in the jurisdictions where we operate and supporting efforts to promote transparency, security and trust across the digital asset ecosystem.
As part of this commitment, Binance uses Global Travel Rule (GTR) as our main Travel Rule compliance solution. This solution enables the secure and standardized exchange of required transaction information between participating VASPs.
We strongly encourage VASPs to join GTR to enable seamless, compliant and secure sharing of Travel Rule information. Broad participation in this network enhances interoperability, reduces operational friction and supports a more consistent and transparent digital asset environment.
We currently make originator information available through GTR. If VASPs require alternative information, they may contact us at binancetravelrule@binance.com.
What is the Global Travel Rule (GTR) ?
Global Travel Rule (GTR) is a comprehensive one-stop solution designed by Binance to help Virtual Asset Services Providers (VASPs) comply with Travel Rule regulations and related Anti-Money Laundering (AML) requirements through the secure exchange of Travel Rule information. Our mission is to help VASPs achieve stress-free Travel Rule compliance amid a rapidly evolving regulatory landscape.
If you want to know more about Global Travel Rule (GTR) visit here.
How does GTR work?
GTR acts as a secure gateway from the exchange of information about the originator and beneficiary of cryptocurrency transactions. GTR receives encrypted Travel Rule data from the originating VASP and transmits the data to the beneficiary VASP in a secure manner. GTR does not store users’ personal identifiable information (PII) in unencrypted formats or have the ability to view encrypted PII. Information is hashed and encrypted using the SHA-256 algorithm to ensure security.
How to register a GTR network?
Please join GTR at https://www.globaltravelrule.com/en/account/sign-up.
For users: If you have any questions or concerns, please contact our 24/7 Customer Support team.
You may also find further information on the Travel Rule and how it may impact you in this FAQ.
Thank you for your understanding and cooperation as we work to meet global compliance standards while providing a secure and efficient platform for your transactions.
