Travel Rule scope: applies to ALL Virtual Asset Service Providers (VASPs) - centralised exchanges + custodial wallet providers + ICO issuers + investment + management + virtual asset trading platforms + administrators / operators / issuers / brokers / dealers of virtual assets - making + facilitating virtual asset transfers ABOVE the de minimis threshold of USD/EUR 1,000. Lower threshold than traditional wire transfers (USD/EUR 1,000 vs traditional USD/EUR 1,000 or higher in some jurisdictions). Applies to ALL virtual asset transfers crossing institutional boundaries between VASPs + to / from unhosted wallets. The 2024 Targeted Update reinforced application to: stablecoin transfers; DeFi platforms where a centralised actor functions as a VASP; NFT issuers where the NFT functions as an investment / payment instrument rather than as a pure digital collectible (case-by-case assessment).
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.