Cryptocurrency Tracking

Domavia provides tools for tracking cryptocurrency holdings and preparing compliance data for FATF Travel Rule requirements. This guide explains crypto asset tracking and travel rule data collection.

Overview

Domavia supports:

• Manual crypto asset tracking - Record holdings for portfolio visibility
• Travel Rule data collection - Prepare IVMS 101 compliant data for transactions
• Tax reporting integration - Include crypto in CRS and capital gains reports

Note: Domavia is a data management platform, not a Virtual Asset Service Provider (VASP). Actual crypto transactions occur through your exchange accounts. Domavia helps you organize and track holdings for reporting purposes.

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What is the Travel Rule?

The Travel Rule (FATF Recommendation 16) requires Virtual Asset Service Providers (VASPs) to collect and share originator/beneficiary information for crypto transactions above certain thresholds.

When It Applies

Threshold: Typically $1,000 USD equivalent (varies by jurisdiction)

Covered Transactions:

• Transfers to/from exchange accounts
• Cross-border crypto payments
• Transactions involving VASPs
• Withdrawals to external wallets

Exempt Transactions:

• Self-custody wallet-to-wallet transfers (no VASP involved)
• Transactions below threshold
• Trades within a single exchange
• DeFi protocol interactions (where no VASP intermediates)

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IVMS 101 Standard

The Inter-VASP Messaging Standard (IVMS 101) defines how VASPs exchange customer information for travel rule compliance.

Data Fields Required

Originator (Sender):

• Full legal name
• Account identifier (wallet address or account number)
• Physical address or national identifier
• Date and place of birth
• Customer identification number

Beneficiary (Recipient):

• Full legal name
• Account identifier
• Physical address (if known)

Domavia validates data against IVMS 101 schemas to help you prepare compliant information.

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Tracking Your Crypto Holdings

Adding Crypto Assets

Navigate to Dashboard - Financial - Assets:

1. Click Add Asset
2. Select Cryptocurrency
3. Enter:
   • Asset type (Bitcoin, Ethereum, etc.)
   • Quantity held
   • Acquisition date and cost basis
   • Wallet or exchange location (for your records)

Portfolio View

Your crypto holdings appear alongside other financial assets:

• Total Value: Aggregate value based on current prices
• Cost Basis: Your acquisition costs for tax purposes
• Unrealized Gains/Losses: Current market value vs. cost basis

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Travel Rule Data Preparation

When preparing for a transaction that may require travel rule compliance, Domavia helps you collect and validate required information.

Originator Information

Your profile data serves as originator information:

• Full legal name
• Residential address
• Date of birth
• National ID number

Ensure your profile is complete before initiating regulated transactions.

Beneficiary Information

For transactions requiring travel rule compliance, collect:

• Full name of recipient
• Recipient's wallet address
• Recipient's physical address (if known)
• Recipient's exchange/VASP (if applicable)

Data Validation

Domavia validates collected data against IVMS 101 schemas:

• Name format requirements
• Address field completeness
• Identifier format validation

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Self-Custody Wallets

Registering Your Wallets

Record your self-custody wallet addresses for tracking:

Profile - Wallets - Add Wallet:

• Wallet address
• Wallet type: Hardware (Ledger/Trezor), Software (MetaMask), Mobile
• Label for identification

Travel Rule Exemption

Transfers between your own self-custody wallets do not require travel rule compliance (you are both originator and beneficiary).

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Tax Reporting Integration

CRS Reporting

If your crypto holdings exceed reportable thresholds ($50,000+ typically), include them in CRS (Common Reporting Standard) reports:

• Financial Account: Crypto exchange accounts classified appropriately
• Balance Reporting: Year-end balance in USD equivalent
• Jurisdictional Reporting: Reported to your tax residence jurisdiction

See Also: Tax Exports for SAF-T and CRS reporting.

Capital Gains Tracking

Track for tax reporting:

• Cost Basis: Calculated using FIFO, LIFO, or Specific Identification
• Realized Gains/Losses: For sold/traded crypto
• Holding Period: Long-term vs. short-term classification
• Export: CSV/PDF for tax filing

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Regulatory Landscape

Global Standards

• FATF Recommendation 16: Requires travel rule for virtual assets
• IVMS 101: Technical standard for data exchange
• EU Regulation (MiCA): Markets in Crypto-Assets regulation
• US FinCEN: Travel rule applies to transactions at $3,000 threshold

Jurisdiction-Specific Rules

European Union (MiCA):

• Threshold: 1,000 EUR
• Applies to all crypto asset service providers

United States:

• Threshold: $3,000
• FinCEN oversees compliance
• Record keeping: 5 years

Singapore:

• Threshold: $1,500 SGD
• MAS (Monetary Authority of Singapore) regulates

United Arab Emirates:

• Threshold: $1,000 USD equivalent
• VARA (Virtual Assets Regulatory Authority) oversees

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Glossary

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Related Guides:

• Tax Exports - SAF-T and CRS reporting
• Financial Accounts - Account linking and management
• Document Services - Store compliance documents