MiCA Travel Rule
Markets in Crypto-Assets Regulation – Travel Rule (Regulation 2023/1114)
CASPs must share originator and beneficiary data for crypto-asset transfers above €1,000.
What this covers
The MiCA Travel Rule is the EU's implementation of FATF Recommendation 16 for crypto-asset service providers (CASPs). It took effect on December 30, 2024 under Regulation EU 2023/1114.
Any CASP sending a crypto transfer at or above €1,000 must include the originator's full name, wallet address, and country of residence – and the receiving CASP must collect and store that information. Below €1,000, a simplified dataset applies.
The rule doesn't just affect centralized exchanges. Custody providers, OTC desks, and VASP-to-VASP transfers are all in scope. Peer-to-peer transfers between unhosted wallets sit in a grey area that ESMA is still clarifying.
For KYC vendors, MiCA Travel Rule compliance means the platform needs to integrate with a Travel Rule messaging protocol (TRISA, OpenVASP, or TRP) in addition to standard AML screening.
Frequently asked questions
Which crypto businesses must comply with the MiCA Travel Rule?
All crypto-asset service providers (CASPs) registered or operating in the EU – including centralized exchanges, wallet providers, and OTC desks – for transfers above €1,000.
What data must be shared under MiCA Travel Rule?
Originator name, account identifier (wallet address), and beneficiary name plus account identifier must accompany each qualifying transfer.
When did the MiCA Travel Rule take effect?
Travel rule provisions under MiCA became applicable from December 30, 2024 for newly authorized CASPs. Transitional provisions applied to existing operators through mid-2025.
Does MiCA Travel Rule apply to transactions below €1,000?
For transfers below €1,000 between unhosted wallets, reduced data requirements apply. The full originator and beneficiary dataset is only mandatory above the €1,000 threshold.