Sending crypto assets (Travel rule-related)
Currently, VASPs are unable to send reports to each other if they have adopted different reporting systems. For this reason, we cannot accept requests to send crypto assets to VASPs that are in a country or region subject to reporting and have not introduced a system we can report through.
You can currently send crypto assets to:
• Services operated by VASPs in countries/regions subject to reporting which have introduced systems capable of sending reports from Sygna Hub.
• Services operated by VASPs not in countries/regions subject to reporting, or for which their location is unknown.
• Private wallets (e.g. MetaMask)
Note: Transactions to recipients meeting the above conditions may still be stopped at the discretion of LINE Xenesis Corporation. For more details, see About the travel rule. (Only available in Japanese.)
LINE BITMAX has a feature that allows you to select a recipient address from among addresses you've previously sent crypto assets to. However, if a VASP you previously sent crypto assets to changes its company name, you'll see a message saying "you cannot currently send crypto assets to this address" for the corresponding transaction history. In this case, please enter the details (e.g. address, transaction information) again instead of selecting a recipient address.
Note: The details, such as the address, that you enter again will become selectable with the above feature.
We apologize for the inconvenience caused by the effects accompanying the changes announced below and ask for your understanding.
Changes to the procedure for receiving crypto assets (Only available in Japanese)
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