# EU Transfer of Funds Regulation

> EU Transfer of Funds Regulation (European Union · EBA): Travel rule · Regulation (EU) 2023/1113. Region: Europe. Restricts anonymity: Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.

Part of the Soda Labs Privacy Hub regulation map, which reads the instruments
themselves rather than summarising the summaries: https://www.sodalabs.xyz/privacy-hub/regulation

## Key facts

- Entry type: Regulator or standard-setter
- Region: Europe
- Subject: Travel rule · Regulation (EU) 2023/1113
- Authority: European Union · EBA
- Stance on on-chain confidentiality: Restricts anonymity. Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.
- Tags: travel rule, no threshold, self-hosted wallets, IVMS101
- Canonical page: https://www.sodalabs.xyz/privacy-hub/regulation/reg-eu-travel-rule

## What it actually says

This, not the privacy-coin headline, is what actually ends unattributed transfers at the EU perimeter. The recast travel rule attaches originator and beneficiary name, address and account identifier to every crypto transfer between providers, with no de minimis threshold at all, where the fiat regime it recasts has one. Above EUR 1,000 to or from a self-hosted address, the provider must take adequate measures to establish that its own customer owns or controls that address. Self-hosted wallets are not banned and peer-to-peer transfers between two of them sit outside the regulation entirely. Applicable since 30 December 2024, operationalised by EBA guidelines that specify the data fields, it is the reason EU exchanges now ask who owns the withdrawal address.

## The instruments that matter

- **No de minimis threshold**: originator and beneficiary data travel with every CASP-to-CASP transfer regardless of amount
- **Articles 14(5) and 16(2)**: transfers above EUR 1,000 to or from a self-hosted address require the CASP to verify its own customer controls that address
- **EBA/GL/2024/11**: travel rule guidelines specifying the data fields and the missing-information procedures, applicable 30 December 2024

## Sources

- [Regulation (EU) 2023/1113](https://eur-lex.europa.eu/eli/reg/2023/1113/oj/eng)
- [EBA Travel Rule Guidelines](https://www.eba.europa.eu/sites/default/files/2024-07/6de6e9b9-0ed9-49cd-985d-c0834b5b4356/Travel%20Rule%20Guidelines.pdf)

## Related entries

- [FATF](https://www.sodalabs.xyz/privacy-hub/regulation/reg-fatf): The source of almost every travel rule on earth
- [Norway](https://www.sodalabs.xyz/privacy-hub/regulation/jur-norway): MiCA via the EEA, with a privacy-innovation sandbox
- [The travel rule binds institutions, not ledgers](https://www.sodalabs.xyz/privacy-hub/regulation/why-travel-rule): The rule everyone assumes ends on-chain confidentiality
- [EU AMLR Article 79](https://www.sodalabs.xyz/privacy-hub/regulation/reg-eu-amlr): Anti-money laundering · Regulation (EU) 2024/1624
- [FinCEN](https://www.sodalabs.xyz/privacy-hub/regulation/reg-fincen): Bank Secrecy Act · the deepest US constraint
- [CJEU on identifiability](https://www.sodalabs.xyz/privacy-hub/regulation/reg-cjeu-identifiability): Case law · is a wallet address personal data