Overview
In order to process transactions and decide which transactions and transfers (see our article to understand the difference) are in scope for travel Rule, the TrustVault platform performs an "in scope" check.
Determining if a transaction is in scope
The TrustVault platform gathers data on the transaction and transfers in real time as they are created and then uses a rules system to calculate if the transaction requires additional information.
Currently, the TrustVault platform considers the following transactions as out of scope for Travel Rule:
Transactions where the
toandfromare the exact the same address (i.e. sending with your wallet)Transactions to EVM smart contracts which are not a native ERC-20 transfers
Transaction to "sunrise" VASPs in low risk jurisdictions
These are where the VASP is not yet required by law to complete the Travel Rule information
Transfers where the to and from address are both customer of Bitpanda Custody
This is not fully implemented yet so some transactions may fall into scope and require information
Please note, that all transfers within a transaction are subject to review. Out of scope transactions will NOT be held and will be available to sign as normal.
Contact us
If you have any issues, please get in touch. For technical support reach out to help@bitpandacustody.com. For compliance issues reach out to travelrule@bitpanda.com