Crypto-Asset Regulation · glossary
The two ends of a crypto transfer under the Travel Rule. The originator is the client who sends it, and the beneficiary is the person who receives it. The originator's firm sends both people's details to the beneficiary's firm, which checks them before crediting its client. Binder §7.4 · Chapter 7
Explained in Chapter 7, AML and the Travel Rule, of Crypto-Asset Regulation.
The client who sends is the originator, and the person who receives is the beneficiary. The originator's CASP sends details of both people to the beneficiary's CASP (Article 14). The beneficiary's CASP checks that they arrived complete before it credits its own client (Article 16). Between two CASPs there is no minimum amount.Read Chapter 7, AML and the Travel Rule →
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