The "Travel Rule" (FATF Recommendation 16) asks certain virtual asset service providers to collect and share originator and beneficiary identity information for qualifying transfers above an applicable threshold.
How it applies to our Services
CryptoPAYR Limited operates a crypto-only service with no direct fiat conversion. Payments and our no-account crypto swap settle peer-to-peer, directly on-chain between wallet addresses, and we do not require or collect KYC/KYB identity information. We therefore do not collect or transmit originator and beneficiary identity data in the ordinary course of providing the Services.
Limits
Our no-account crypto swap settles a maximum of $10,000 per transaction. This is a per-transaction settlement limit set for operational and risk reasons, and is not tied to any identity check.
Regulatory change
The regulatory treatment of virtual assets continues to evolve and varies by jurisdiction. We monitor applicable requirements and will update this policy if our obligations change. Nothing here is legal advice about your own obligations, for which you should seek independent advice.
Contact
Questions about this policy? Contact us at [email protected] or by post at CryptoPAYR Limited, Cayman Corporate Centre, Office 2852, George Town, Grand Cayman, Cayman Islands.