A concrete example
An on-chain transfer and a secure off-chain identity-information exchange can form separate parts of one workflow.
In context
Operationally, a provider needs to identify the counterpart, exchange required information through appropriate channels and handle missing or incomplete data. Do not place personal identity information directly on a public blockchain simply because the transfer itself is on-chain. Data protection and secure transmission remain relevant.
Explore the full explanation
Regulation
Travel Rule: information accompanying transfers
The Travel Rule concerns information about the originator and beneficiary accompanying covered transfers.
Intermediate3 min reading + workshop ↗