diff --git a/src/init.cpp b/src/init.cpp
index f2001236a..8e5c31835 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -816,6 +816,16 @@ bool AppInit2(boost::thread_group& threadGroup, CScheduler& scheduler)
         }
 #endif
     }
+
+    // disable walletbroadcast in blocksonly mode
+    if (GetBoolArg("-blocksonly", false)) {
+        if (SoftSetBoolArg("-whitelistalwaysrelay", false))
+            LogPrintf("%s: parameter interaction: -blocksonly=1 -> setting -whitelistalwaysrelay=0\n", __func__);
+#ifdef ENABLE_WALLET
+        if (SoftSetBoolArg("-walletbroadcast", false))
+            LogPrintf("%s: parameter interaction: -blocksonly=1 -> setting -walletbroadcast=0\n", __func__);
+#endif
+    }
     
     // Make sure enough file descriptors are available
     int nBind = std::max((int)mapArgs.count("-bind") + (int)mapArgs.count("-whitebind"), 1);
diff --git a/src/main.cpp b/src/main.cpp
index b35a03273..9842acb4b 100644
--- a/src/main.cpp
+++ b/src/main.cpp
@@ -4465,7 +4465,7 @@ bool static ProcessMessage(CNode* pfrom, string strCommand, CDataStream& vRecv,
             assert(recentRejects);
             recentRejects->insert(tx.GetHash());
 
-            if (pfrom->fWhitelisted) {
+            if (pfrom->fWhitelisted && GetBoolArg("-whitelistalwaysrelay", DEFAULT_WHITELISTALWAYSRELAY)) {
                 // Always relay transactions received from whitelisted peers, even
                 // if they were rejected from the mempool, allowing the node to
                 // function as a gateway for nodes hidden behind it.
diff --git a/src/main.h b/src/main.h
index 5fb553486..c304b311e 100644
--- a/src/main.h
+++ b/src/main.h
@@ -41,6 +41,8 @@ struct CNodeStateStats;
 
 /** Default for accepting alerts from the P2P network. */
 static const bool DEFAULT_ALERTS = true;
+/** Default for DEFAULT_WHITELISTALWAYSRELAY. */
+static const bool DEFAULT_WHITELISTALWAYSRELAY = true;
 /** Default for -minrelaytxfee, minimum relay fee for transactions */
 static const unsigned int DEFAULT_MIN_RELAY_TX_FEE = 1000;
 /** Default for -maxorphantx, maximum number of orphan transactions kept in memory */