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Wallet Ownership Proof

Self-hosted wallets (also referred to as unhosted wallets) fall under the scope of the FATF’s Travel Rule. When a transaction occurs between a VASP and a self-hosted wallet, the wallet’s ownership is to be proved*.

VASPs can safeguard against sending funds to wallets their user does not control by requesting a proof of private key ownership.

Wallet ownership can be proved in various ways, namely via: 

Read more about self-hosted wallet verification methods here

Wallet Ownership Proof is also known as Private Key Control Procedure (PKCP).

*Different regions have different interpretations of this Recommendation. Be sure to verify what your region requires before proceeding with a transaction. 

Ownership Proof Methods Analysis

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