The Travel Rule requires financial institutions, including registered crypto money services businesses, to collect and pass along sender and recipient information for transfers above a threshold, so the data travels with the funds.
In the United States it applies to transfers of 3,000 dollars or more between institutions; FinCEN has proposed lowering it for crypto. Exchanges implement it by sharing customer data with each other.
It is one more channel through which exchange customers are identified, and it is why some exchanges require the destination wallet’s ownership to be declared. Bank Secrecy Act.
Howey analysis and written opinions for token projects and exchanges.
See the practice page →Our tax attorneys handle IRS audits, crypto tax, offshore disclosures, and opinion letters for clients nationwide. Consultations are confidential.
Definitions are general information, not legal advice, and may not reflect the most recent changes in law.
IRS letters, audits, unreported years, returns.
Foreign accounts, expats, offshore disclosure.
Audits, tax debt, criminal exposure, Tax Court.
Written analysis at a stated confidence level.
Asset protection for individuals and businesses; private company deals.
Attorney-reviewed returns and planning.
