A Travel Rule data exchange transaction is conducted for Travel Rule regulation purposes before submitting blockchain transactions.

You can use Travel Rule data exchange transactions to do the following:

• Inform the recipient of the data exchange transaction about your attempt to send them a virtual asset.
• Get the details of the transaction that is addressed to your applicant.
• Share the transfer data with the counterparty VASP.

This section includes the description of:

• How to produce an inbound Travel Rule data exchange transaction when your applicant receives a blockchain transaction, but a corresponding Travel Rule data exchange transaction has never been delivered.
• How to produce an outbound Travel Rule data exchange transaction before transferring virtual assets from your applicant wallet to another entity.
• How to manage an inbound Travel Rule data exchange transaction when an entity attempts to send a virtual asset to your applicant wallet.

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