The Travel Rule is European legislation and forms part of the AML/CFT framework (Anti-Money Laundering / Countering the Financing of Terrorism). These regulations are designed to combat money laundering, terrorist financing, and other forms of financial crime.
In the context of crypto, this means that providers like BLOX are required to collect information about the origin of the crypto you send to your account. As part of this process, we may ask you to complete a wallet verification and provide a Proof of Address.