As required by Labuan FSA compliance regulation, when making a deposit and withdrawal from ABCC Wallet and sending your cryptocurrency funds to a Virtual Asset Service Provider (VASP) such as an exchange, specific information is sent to one or more Third-Party Services that provide Travel Rule compliance solutions and who make it available to VASPs, as required by the Travel Rule.
What is the Travel Rule?
The Travel Rule is a regulatory requirement for cryptocurrency transactions that aims to:
- Prevent money laundering and financing of illegal activities;
- Enhance transparency of transactions between VASPs;
- Ensure legitimacy of transactions.
What will be updated to comply with the Travel Rule?
ABCC is required to send Travel Rule information alongside your cryptocurrency deposit and withdrawal requests.
- In the new deposit flow, you are required to confirm the sender’s details in your ABC Wallet to complete the deposit request.
- For the new withdrawal flow, you are required to add wallet address first and select the VASP or non-custodial wallet you are sending funds to.
Please find the updated deposits and withdrawals instructions for details.
Important: The recipient exchange or wallet may have policies that prevent them from accepting third-party transfers or have specific Travel Rule requirements. Please always check their policy before you send funds from ABCC Wallet. If a transaction is rejected and funds are returned to our hot wallet, a manual recovery process will be required, which will incur a recovery fee.
What information is shared in the Travel Rule?
When sending cryptocurrency funds to another VASP, the following transaction and user data will be shared, as listed below:
Transaction |
Individuals’ Data |
Entities’ Data |
| Amount | Name | Name |
| Asset | Address | Address |
| Transaction Hash | Government ID number (passport or national ID) | Government ID (tax ID, legal entity identifier or registration number) |
| Blockchain Addresses | ||
| Identification of the beneficiary VASP | ||
| Identification of the recipient |
If you have any inquiries, please don't hesitate to contact support@abcc.zendesk.com.
ABCC Team
May 2026
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