The rule applies during fiat-to-crypto or crypto-to-crypto exchanges conducted through VASPs. However, peer-to-peer (P2P) transactions and transfers involving non-custodial wallets (where users hold their private keys, such as the Coldcard or Sparrow) are generally exempt—unless they interact with a VASP.

I mean, duh? They're exempt because it's literally impossible for them not to be.

Politics_And_Law

Crypto Travel Rule: What Is It And How Does It Work?

blockdyor

>The rule applies during fiat-to-crypto or crypto-to-crypto exchanges conducted through VASPs. However, peer-to-peer (P2P) transactions and transfers involving non-custodial wallets (where users hold their private keys, such as the Coldcard or Sparrow) are generally exempt—unless they interact with a VASP.

I mean, duh? They're exempt because it's literally impossible for them not to be.