To ensure that Xfers Pte. Ltd. remains compliant with the Travel Rule requirement, we have introduced the following measures:
- Mandatory declaration of the originating party and originating institution prior to crediting of the virtual assets to your account with StraitsX; and
- Mandatory declaration of the beneficiary party and beneficiary institution prior to whitelisting of the custodial wallet for the purpose of withdrawing virtual assets.
How does this affect me in the future?
Travel Rule implementation will continue to evolve as StraitsX seeks to continuously meet all applicable regulatory requirements. You will be informed via email prior to any new initiatives or roll-outs by StraitsX with respect to Travel Rule implementation. If you have any questions, please reach out to the Customer Service Team via this form.