Recipient details needed for crypto withdrawals
To comply with the Travel Rule regulations, which are a set of global standards aimed at enhancing the safety of virtual asset transfers, Revolut, as a virtual asset service provider (VASP), needs you to provide recipient information when making crypto withdrawals.
Information required for compliance
- Sender's name (and address for transactions exceeding €1,000)
- Recipient's name or different details
- Transaction hash (ID)
- Company name or different details
This information helps create a more transparent and traceable system for monitoring virtual asset transactions, contributing to global efforts to enhance transaction safety.