diff --git a/proto/cosmos/bank/v1beta1/query.proto b/proto/cosmos/bank/v1beta1/query.proto
index 7b117efb8..72a6d53a6 100644
--- a/proto/cosmos/bank/v1beta1/query.proto
+++ b/proto/cosmos/bank/v1beta1/query.proto
@@ -29,6 +29,8 @@ service Query {
   rpc SupplyOf(QuerySupplyOfRequest) returns (QuerySupplyOfResponse) {
     option (google.api.http).get = "/cosmos/bank/v1beta1/supply/{denom}";
   }
+
+  // TODO: Params
 }
 
 // QueryBalanceRequest is the request type for the Query/Balance RPC method.
diff --git a/proto/ibc/transfer/genesis.proto b/proto/ibc/transfer/genesis.proto
index c093a84b8..56a44470a 100644
--- a/proto/ibc/transfer/genesis.proto
+++ b/proto/ibc/transfer/genesis.proto
@@ -16,4 +16,7 @@ message GenesisState{
 		(gogoproto.nullable) = false,
 		(gogoproto.moretags) = "yaml:\"denom_traces\""
 	];
+	Params params = 3 [
+		(gogoproto.nullable) = false
+	];
 }
diff --git a/proto/ibc/transfer/query.proto b/proto/ibc/transfer/query.proto
index 5476e3b2a..0fa22bbe5 100644
--- a/proto/ibc/transfer/query.proto
+++ b/proto/ibc/transfer/query.proto
@@ -19,6 +19,11 @@ service Query {
   rpc DenomTraces(QueryDenomTracesRequest) returns (QueryDenomTracesResponse) {
     option (google.api.http).get = "/ibc_transfer/v1beta1/denom_traces";
   }
+
+  // Params queries all parameters of the ibc-transfer module.
+  rpc Params(QueryParamsRequest) returns (QueryParamsResponse) {
+    option (google.api.http).get = "/ibc_transfer/v1beta1/params";
+  }
 }
 
 // QueryDenomTraceRequest is the request type for the Query/DenomTrace RPC method
@@ -49,3 +54,12 @@ message QueryDenomTracesResponse {
   // pagination defines the pagination in the response.
   cosmos.base.query.v1beta1.PageResponse pagination = 2;
 }
+
+// QueryParamsRequest is the request type for the Query/Params RPC method.
+message QueryParamsRequest{}
+
+// QueryParamsResponse is the response type for the Query/Params RPC method.
+message QueryParamsResponse{
+  // params defines the parameters of the module.
+  Params params = 1;
+} 
diff --git a/proto/ibc/transfer/transfer.proto b/proto/ibc/transfer/transfer.proto
index b49e8b3dc..a41385f0c 100644
--- a/proto/ibc/transfer/transfer.proto
+++ b/proto/ibc/transfer/transfer.proto
@@ -60,3 +60,13 @@ message DenomTrace {
   // base denomination of the relayed fungible token.
   string base_denom = 2;
 }
+
+// Params defines the set of IBC transfer parameters.
+// NOTE: To prevent a single token from being transferred, set the TransfersEnabled parameter to
+// true and then set the bank module's SendEnabled parameter for the denomination to false.
+message Params {
+  // transfers_enabled enables or disables all cross-chain token transfers from/to this chain.
+  bool transfers_enabled = 1 [
+    (gogoproto.moretags) = "yaml:\"transfers_enabled\""
+  ];
+}
diff --git a/simapp/app.go b/simapp/app.go
index a254049ef..0dee68f02 100644
--- a/simapp/app.go
+++ b/simapp/app.go
@@ -263,7 +263,7 @@ func NewSimApp(
 
 	// Create Transfer Keepers
 	app.TransferKeeper = ibctransferkeeper.NewKeeper(
-		appCodec, keys[ibctransfertypes.StoreKey],
+		appCodec, keys[ibctransfertypes.StoreKey], app.GetSubspace(ibctransfertypes.ModuleName),
 		app.IBCKeeper.ChannelKeeper, &app.IBCKeeper.PortKeeper,
 		app.AccountKeeper, app.BankKeeper, scopedTransferKeeper,
 	)
@@ -533,6 +533,7 @@ func initParamsKeeper(appCodec codec.BinaryMarshaler, legacyAmino *codec.LegacyA
 	paramsKeeper.Subspace(slashingtypes.ModuleName)
 	paramsKeeper.Subspace(govtypes.ModuleName).WithKeyTable(govtypes.ParamKeyTable())
 	paramsKeeper.Subspace(crisistypes.ModuleName)
+	paramsKeeper.Subspace(ibctransfertypes.ModuleName)
 
 	return paramsKeeper
 }
diff --git a/x/ibc-transfer/client/cli/query.go b/x/ibc-transfer/client/cli/query.go
index c79436790..ceb8b17ff 100644
--- a/x/ibc-transfer/client/cli/query.go
+++ b/x/ibc-transfer/client/cli/query.go
@@ -85,3 +85,30 @@ func GetCmdQueryDenomTraces() *cobra.Command {
 
 	return cmd
 }
+
+// QueryParamsCmd returns the command handler for ibc-transfer parameter querying.
+func QueryParamsCmd() *cobra.Command {
+	cmd := &cobra.Command{
+		Use:     "params",
+		Short:   "Query the current ibc-transfer parameters",
+		Long:    "Query the current ibc-transfer parameters",
+		Args:    cobra.NoArgs,
+		Example: fmt.Sprintf("%s query ibc-transfer params", version.AppName),
+		RunE: func(cmd *cobra.Command, _ []string) error {
+			clientCtx := client.GetClientContextFromCmd(cmd)
+			clientCtx, err := client.ReadQueryCommandFlags(clientCtx, cmd.Flags())
+			if err != nil {
+				return err
+			}
+
+			queryClient := types.NewQueryClient(clientCtx)
+
+			res, _ := queryClient.Params(context.Background(), &types.QueryParamsRequest{})
+			return clientCtx.PrintOutput(res.Params)
+		},
+	}
+
+	flags.AddQueryFlagsToCmd(cmd)
+
+	return cmd
+}
diff --git a/x/ibc-transfer/keeper/genesis.go b/x/ibc-transfer/keeper/genesis.go
index 223d473be..748a2948a 100644
--- a/x/ibc-transfer/keeper/genesis.go
+++ b/x/ibc-transfer/keeper/genesis.go
@@ -26,6 +26,8 @@ func (k Keeper) InitGenesis(ctx sdk.Context, state types.GenesisState) {
 		}
 	}
 
+	k.SetParams(ctx, state.Params)
+
 	// check if the module account exists
 	moduleAcc := k.GetTransferAccount(ctx)
 	if moduleAcc == nil {
@@ -38,5 +40,6 @@ func (k Keeper) ExportGenesis(ctx sdk.Context) *types.GenesisState {
 	return &types.GenesisState{
 		PortId:      k.GetPort(ctx),
 		DenomTraces: k.GetAllDenomTraces(ctx),
+		Params:      k.GetParams(ctx),
 	}
 }
diff --git a/x/ibc-transfer/keeper/grpc_query.go b/x/ibc-transfer/keeper/grpc_query.go
index 8d11e7cdc..0b8ab654b 100644
--- a/x/ibc-transfer/keeper/grpc_query.go
+++ b/x/ibc-transfer/keeper/grpc_query.go
@@ -71,3 +71,13 @@ func (q Keeper) DenomTraces(c context.Context, req *types.QueryDenomTracesReques
 		Pagination:  pageRes,
 	}, nil
 }
+
+// Params implements the Query/Params gRPC method
+func (q Keeper) Params(c context.Context, _ *types.QueryParamsRequest) (*types.QueryParamsResponse, error) {
+	ctx := sdk.UnwrapSDKContext(c)
+	params := q.GetParams(ctx)
+
+	return &types.QueryParamsResponse{
+		Params: &params,
+	}, nil
+}
diff --git a/x/ibc-transfer/keeper/grpc_query_test.go b/x/ibc-transfer/keeper/grpc_query_test.go
index c16ecc379..63762d893 100644
--- a/x/ibc-transfer/keeper/grpc_query_test.go
+++ b/x/ibc-transfer/keeper/grpc_query_test.go
@@ -8,7 +8,7 @@ import (
 	"github.com/cosmos/cosmos-sdk/x/ibc-transfer/types"
 )
 
-func (suite *KeeperTestSuite) TestQueryConnection() {
+func (suite *KeeperTestSuite) TestQueryDenomTrace() {
 	var (
 		req      *types.QueryDenomTraceRequest
 		expTrace types.DenomTrace
@@ -74,7 +74,7 @@ func (suite *KeeperTestSuite) TestQueryConnection() {
 	}
 }
 
-func (suite *KeeperTestSuite) TestQueryConnections() {
+func (suite *KeeperTestSuite) TestQueryDenomTraces() {
 	var (
 		req       *types.QueryDenomTracesRequest
 		expTraces = types.Traces(nil)
@@ -133,3 +133,10 @@ func (suite *KeeperTestSuite) TestQueryConnections() {
 		})
 	}
 }
+
+func (suite *KeeperTestSuite) TestQueryParams() {
+	ctx := sdk.WrapSDKContext(suite.chainA.GetContext())
+	expParams := types.DefaultParams()
+	res, _ := suite.queryClient.Params(ctx, &types.QueryParamsRequest{})
+	suite.Require().Equal(&expParams, res.Params)
+}
diff --git a/x/ibc-transfer/keeper/keeper.go b/x/ibc-transfer/keeper/keeper.go
index d39160c19..b59424489 100644
--- a/x/ibc-transfer/keeper/keeper.go
+++ b/x/ibc-transfer/keeper/keeper.go
@@ -17,12 +17,14 @@ import (
 	channelexported "github.com/cosmos/cosmos-sdk/x/ibc/04-channel/exported"
 	channeltypes "github.com/cosmos/cosmos-sdk/x/ibc/04-channel/types"
 	host "github.com/cosmos/cosmos-sdk/x/ibc/24-host"
+	paramtypes "github.com/cosmos/cosmos-sdk/x/params/types"
 )
 
 // Keeper defines the IBC fungible transfer keeper
 type Keeper struct {
-	storeKey sdk.StoreKey
-	cdc      codec.BinaryMarshaler
+	storeKey   sdk.StoreKey
+	cdc        codec.BinaryMarshaler
+	paramSpace paramtypes.Subspace
 
 	channelKeeper types.ChannelKeeper
 	portKeeper    types.PortKeeper
@@ -33,7 +35,7 @@ type Keeper struct {
 
 // NewKeeper creates a new IBC transfer Keeper instance
 func NewKeeper(
-	cdc codec.BinaryMarshaler, key sdk.StoreKey,
+	cdc codec.BinaryMarshaler, key sdk.StoreKey, paramSpace paramtypes.Subspace,
 	channelKeeper types.ChannelKeeper, portKeeper types.PortKeeper,
 	authKeeper types.AccountKeeper, bankKeeper types.BankKeeper, scopedKeeper capabilitykeeper.ScopedKeeper,
 ) Keeper {
@@ -43,9 +45,15 @@ func NewKeeper(
 		panic("the IBC transfer module account has not been set")
 	}
 
+	// set KeyTable if it has not already been set
+	if !paramSpace.HasKeyTable() {
+		paramSpace = paramSpace.WithKeyTable(types.ParamKeyTable())
+	}
+
 	return Keeper{
-		storeKey:      key,
 		cdc:           cdc,
+		storeKey:      key,
+		paramSpace:    paramSpace,
 		channelKeeper: channelKeeper,
 		portKeeper:    portKeeper,
 		authKeeper:    authKeeper,
diff --git a/x/ibc-transfer/keeper/params.go b/x/ibc-transfer/keeper/params.go
new file mode 100644
index 000000000..5cdb7ede1
--- /dev/null
+++ b/x/ibc-transfer/keeper/params.go
@@ -0,0 +1,23 @@
+package keeper
+
+import (
+	sdk "github.com/cosmos/cosmos-sdk/types"
+	"github.com/cosmos/cosmos-sdk/x/ibc-transfer/types"
+)
+
+// GetTransfersEnabled retrieves the transfers enabled boolean from the paramstore
+func (k Keeper) GetTransfersEnabled(ctx sdk.Context) bool {
+	var res bool
+	k.paramSpace.Get(ctx, types.KeyTransfersEnabled, &res)
+	return res
+}
+
+// GetParams returns the total set of ibc-transfer parameters.
+func (k Keeper) GetParams(ctx sdk.Context) (params types.Params) {
+	return types.NewParams(k.GetTransfersEnabled(ctx))
+}
+
+// SetParams sets the total set of ibc-transfer parameters.
+func (k Keeper) SetParams(ctx sdk.Context, params types.Params) {
+	k.paramSpace.SetParamSet(ctx, &params)
+}
diff --git a/x/ibc-transfer/keeper/params_test.go b/x/ibc-transfer/keeper/params_test.go
new file mode 100644
index 000000000..60b87d0d5
--- /dev/null
+++ b/x/ibc-transfer/keeper/params_test.go
@@ -0,0 +1,15 @@
+package keeper_test
+
+import "github.com/cosmos/cosmos-sdk/x/ibc-transfer/types"
+
+func (suite *KeeperTestSuite) TestParams() {
+	expParams := types.DefaultParams()
+
+	params := suite.chainA.App.TransferKeeper.GetParams(suite.chainA.GetContext())
+	suite.Require().Equal(expParams, params)
+
+	expParams.TransfersEnabled = false
+	suite.chainA.App.TransferKeeper.SetParams(suite.chainA.GetContext(), expParams)
+	params = suite.chainA.App.TransferKeeper.GetParams(suite.chainA.GetContext())
+	suite.Require().Equal(expParams, params)
+}
diff --git a/x/ibc-transfer/keeper/relay.go b/x/ibc-transfer/keeper/relay.go
index 4a9388e5d..18c24866a 100644
--- a/x/ibc-transfer/keeper/relay.go
+++ b/x/ibc-transfer/keeper/relay.go
@@ -52,6 +52,11 @@ func (k Keeper) SendTransfer(
 	timeoutHeight,
 	timeoutTimestamp uint64,
 ) error {
+
+	if !k.GetTransfersEnabled(ctx) {
+		return types.ErrTransfersDisabled
+	}
+
 	sourceChannelEnd, found := k.channelKeeper.GetChannel(ctx, sourcePort, sourceChannel)
 	if !found {
 		return sdkerrors.Wrapf(channeltypes.ErrChannelNotFound, "port ID (%s) channel ID (%s)", sourcePort, sourceChannel)
@@ -152,6 +157,10 @@ func (k Keeper) OnRecvPacket(ctx sdk.Context, packet channeltypes.Packet, data t
 		return err
 	}
 
+	if !k.GetTransfersEnabled(ctx) {
+		return types.ErrTransfersDisabled
+	}
+
 	// decode the receiver address
 	receiver, err := sdk.AccAddressFromBech32(data.Receiver)
 	if err != nil {
diff --git a/x/ibc-transfer/spec/06_params.md b/x/ibc-transfer/spec/06_params.md
new file mode 100644
index 000000000..26522ef85
--- /dev/null
+++ b/x/ibc-transfer/spec/06_params.md
@@ -0,0 +1,20 @@
+<!--
+order: 6
+-->
+
+# Parameters
+
+The ibc-transfer module contains the following parameters:
+
+| Key                | Type | Default Value |
+|--------------------|------|---------------|
+| `TransfersEnabled` | bool | `true`        |
+
+## TransfersEnabled
+
+The transfers enabled parameter controls send and receive cross-chain transfer capabilities for all
+fungible tokens.
+
+To prevent a single token from being transferred, set the `TransfersEnabled` parameter to `true` and
+then set the bank module's [`SendEnabled` parameter](./../../bank/spec/05_params.md#sendenabled) for
+the denomination to `false`.
diff --git a/x/ibc-transfer/spec/README.md b/x/ibc-transfer/spec/README.md
index e79d25fff..963110e7a 100644
--- a/x/ibc-transfer/spec/README.md
+++ b/x/ibc-transfer/spec/README.md
@@ -20,3 +20,4 @@ For the general specification please refer to the [ICS20 Specification](https://
 3. **[State Transitions](03_state_transitions.md)**
 4. **[Messages](04_messages.md)**
 5. **[Events](05_events.md)**
+6. **[Parameters](06_params.md)**
diff --git a/x/ibc-transfer/types/errors.go b/x/ibc-transfer/types/errors.go
index f7cc697d1..f577f1498 100644
--- a/x/ibc-transfer/types/errors.go
+++ b/x/ibc-transfer/types/errors.go
@@ -11,4 +11,5 @@ var (
 	ErrInvalidVersion          = sdkerrors.Register(ModuleName, 4, "invalid ICS20 version")
 	ErrInvalidAmount           = sdkerrors.Register(ModuleName, 5, "invalid token amount")
 	ErrTraceNotFound           = sdkerrors.Register(ModuleName, 6, "denomination trace not found")
+	ErrTransfersDisabled       = sdkerrors.Register(ModuleName, 7, "fungible token transfers to/from this chain are disabled")
 )
diff --git a/x/ibc-transfer/types/genesis.go b/x/ibc-transfer/types/genesis.go
index 5c0845ba9..dd0b94f9f 100644
--- a/x/ibc-transfer/types/genesis.go
+++ b/x/ibc-transfer/types/genesis.go
@@ -5,10 +5,11 @@ import (
 )
 
 // NewGenesisState creates a new ibc-transfer GenesisState instance.
-func NewGenesisState(portID string, denomTraces Traces) *GenesisState {
+func NewGenesisState(portID string, denomTraces Traces, params Params) *GenesisState {
 	return &GenesisState{
 		PortId:      portID,
 		DenomTraces: denomTraces,
+		Params:      params,
 	}
 }
 
@@ -17,6 +18,7 @@ func DefaultGenesisState() *GenesisState {
 	return &GenesisState{
 		PortId:      PortID,
 		DenomTraces: Traces{},
+		Params:      DefaultParams(),
 	}
 }
 
@@ -26,5 +28,8 @@ func (gs GenesisState) Validate() error {
 	if err := host.PortIdentifierValidator(gs.PortId); err != nil {
 		return err
 	}
-	return gs.DenomTraces.Validate()
+	if err := gs.DenomTraces.Validate(); err != nil {
+		return err
+	}
+	return gs.Params.Validate()
 }
diff --git a/x/ibc-transfer/types/genesis.pb.go b/x/ibc-transfer/types/genesis.pb.go
index 9bdde33ad..91ba93f4c 100644
--- a/x/ibc-transfer/types/genesis.pb.go
+++ b/x/ibc-transfer/types/genesis.pb.go
@@ -27,6 +27,7 @@ const _ = proto.GoGoProtoPackageIsVersion3 // please upgrade the proto package
 type GenesisState struct {
 	PortId      string `protobuf:"bytes,1,opt,name=port_id,json=portId,proto3" json:"port_id,omitempty" yaml:"port_id"`
 	DenomTraces Traces `protobuf:"bytes,2,rep,name=denom_traces,json=denomTraces,proto3,castrepeated=Traces" json:"denom_traces" yaml:"denom_traces"`
+	Params      Params `protobuf:"bytes,3,opt,name=params,proto3" json:"params"`
 }
 
 func (m *GenesisState) Reset()         { *m = GenesisState{} }
@@ -76,6 +77,13 @@ func (m *GenesisState) GetDenomTraces() Traces {
 	return nil
 }
 
+func (m *GenesisState) GetParams() Params {
+	if m != nil {
+		return m.Params
+	}
+	return Params{}
+}
+
 func init() {
 	proto.RegisterType((*GenesisState)(nil), "ibc.transfer.GenesisState")
 }
@@ -83,24 +91,26 @@ func init() {
 func init() { proto.RegisterFile("ibc/transfer/genesis.proto", fileDescriptor_c13b8463155e05c2) }
 
 var fileDescriptor_c13b8463155e05c2 = []byte{
-	// 265 bytes of a gzipped FileDescriptorProto
+	// 296 bytes of a gzipped FileDescriptorProto
 	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0xe2, 0x92, 0xca, 0x4c, 0x4a, 0xd6,
 	0x2f, 0x29, 0x4a, 0xcc, 0x2b, 0x4e, 0x4b, 0x2d, 0xd2, 0x4f, 0x4f, 0xcd, 0x4b, 0x2d, 0xce, 0x2c,
 	0xd6, 0x2b, 0x28, 0xca, 0x2f, 0xc9, 0x17, 0xe2, 0xc9, 0x4c, 0x4a, 0xd6, 0x83, 0xc9, 0x49, 0x89,
 	0xa4, 0xe7, 0xa7, 0xe7, 0x83, 0x25, 0xf4, 0x41, 0x2c, 0x88, 0x1a, 0x29, 0x69, 0x14, 0xfd, 0x30,
-	0x06, 0x44, 0x52, 0x69, 0x3e, 0x23, 0x17, 0x8f, 0x3b, 0xc4, 0xc8, 0xe0, 0x92, 0xc4, 0x92, 0x54,
+	0x06, 0x44, 0x52, 0xe9, 0x32, 0x23, 0x17, 0x8f, 0x3b, 0xc4, 0xc8, 0xe0, 0x92, 0xc4, 0x92, 0x54,
 	0x21, 0x6d, 0x2e, 0xf6, 0x82, 0xfc, 0xa2, 0x92, 0xf8, 0xcc, 0x14, 0x09, 0x46, 0x05, 0x46, 0x0d,
 	0x4e, 0x27, 0xa1, 0x4f, 0xf7, 0xe4, 0xf9, 0x2a, 0x13, 0x73, 0x73, 0xac, 0x94, 0xa0, 0x12, 0x4a,
 	0x41, 0x6c, 0x20, 0x96, 0x67, 0x8a, 0x50, 0x12, 0x17, 0x4f, 0x4a, 0x6a, 0x5e, 0x7e, 0x6e, 0x7c,
 	0x49, 0x51, 0x62, 0x72, 0x6a, 0xb1, 0x04, 0x93, 0x02, 0xb3, 0x06, 0xb7, 0x91, 0x84, 0x1e, 0xb2,
 	0xab, 0xf4, 0x5c, 0x40, 0x2a, 0x42, 0x40, 0x0a, 0x9c, 0x54, 0x4f, 0xdc, 0x93, 0x67, 0xf8, 0x74,
 	0x4f, 0x5e, 0x18, 0x62, 0x1e, 0xb2, 0x5e, 0xa5, 0x55, 0xf7, 0xe5, 0xd9, 0xc0, 0xaa, 0x8a, 0x83,
-	0xb8, 0x53, 0xe0, 0x5a, 0x8a, 0x9d, 0xbc, 0x4f, 0x3c, 0x92, 0x63, 0xbc, 0xf0, 0x48, 0x8e, 0xf1,
-	0xc1, 0x23, 0x39, 0xc6, 0x09, 0x8f, 0xe5, 0x18, 0x2e, 0x3c, 0x96, 0x63, 0xb8, 0xf1, 0x58, 0x8e,
-	0x21, 0xca, 0x30, 0x3d, 0xb3, 0x24, 0xa3, 0x34, 0x49, 0x2f, 0x39, 0x3f, 0x57, 0x3f, 0x39, 0xbf,
-	0x38, 0x37, 0xbf, 0x18, 0x4a, 0xe9, 0x16, 0xa7, 0x64, 0xeb, 0x57, 0xe8, 0x67, 0x26, 0x25, 0xeb,
-	0x22, 0xfc, 0x5d, 0x59, 0x90, 0x5a, 0x9c, 0xc4, 0x06, 0xf6, 0xb5, 0x31, 0x20, 0x00, 0x00, 0xff,
-	0xff, 0xcf, 0x4f, 0x0f, 0xb0, 0x54, 0x01, 0x00, 0x00,
+	0xb8, 0x53, 0xe0, 0x5a, 0x8a, 0x85, 0x8c, 0xb8, 0xd8, 0x0a, 0x12, 0x8b, 0x12, 0x73, 0x8b, 0x25,
+	0x98, 0x15, 0x18, 0x35, 0xb8, 0x8d, 0x44, 0x50, 0x4d, 0x0f, 0x00, 0xcb, 0x39, 0xb1, 0x80, 0x4c,
+	0x0e, 0x82, 0xaa, 0x74, 0xf2, 0x3e, 0xf1, 0x48, 0x8e, 0xf1, 0xc2, 0x23, 0x39, 0xc6, 0x07, 0x8f,
+	0xe4, 0x18, 0x27, 0x3c, 0x96, 0x63, 0xb8, 0xf0, 0x58, 0x8e, 0xe1, 0xc6, 0x63, 0x39, 0x86, 0x28,
+	0xc3, 0xf4, 0xcc, 0x92, 0x8c, 0xd2, 0x24, 0xbd, 0xe4, 0xfc, 0x5c, 0xfd, 0xe4, 0xfc, 0xe2, 0xdc,
+	0xfc, 0x62, 0x28, 0xa5, 0x5b, 0x9c, 0x92, 0xad, 0x5f, 0xa1, 0x9f, 0x99, 0x94, 0xac, 0x8b, 0x08,
+	0xab, 0xca, 0x82, 0xd4, 0xe2, 0x24, 0x36, 0x70, 0x48, 0x19, 0x03, 0x02, 0x00, 0x00, 0xff, 0xff,
+	0xd5, 0x5e, 0x5e, 0x5a, 0x88, 0x01, 0x00, 0x00,
 }
 
 func (m *GenesisState) Marshal() (dAtA []byte, err error) {
@@ -123,6 +133,16 @@ func (m *GenesisState) MarshalToSizedBuffer(dAtA []byte) (int, error) {
 	_ = i
 	var l int
 	_ = l
+	{
+		size, err := m.Params.MarshalToSizedBuffer(dAtA[:i])
+		if err != nil {
+			return 0, err
+		}
+		i -= size
+		i = encodeVarintGenesis(dAtA, i, uint64(size))
+	}
+	i--
+	dAtA[i] = 0x1a
 	if len(m.DenomTraces) > 0 {
 		for iNdEx := len(m.DenomTraces) - 1; iNdEx >= 0; iNdEx-- {
 			{
@@ -174,6 +194,8 @@ func (m *GenesisState) Size() (n int) {
 			n += 1 + l + sovGenesis(uint64(l))
 		}
 	}
+	l = m.Params.Size()
+	n += 1 + l + sovGenesis(uint64(l))
 	return n
 }
 
@@ -278,6 +300,39 @@ func (m *GenesisState) Unmarshal(dAtA []byte) error {
 				return err
 			}
 			iNdEx = postIndex
+		case 3:
+			if wireType != 2 {
+				return fmt.Errorf("proto: wrong wireType = %d for field Params", wireType)
+			}
+			var msglen int
+			for shift := uint(0); ; shift += 7 {
+				if shift >= 64 {
+					return ErrIntOverflowGenesis
+				}
+				if iNdEx >= l {
+					return io.ErrUnexpectedEOF
+				}
+				b := dAtA[iNdEx]
+				iNdEx++
+				msglen |= int(b&0x7F) << shift
+				if b < 0x80 {
+					break
+				}
+			}
+			if msglen < 0 {
+				return ErrInvalidLengthGenesis
+			}
+			postIndex := iNdEx + msglen
+			if postIndex < 0 {
+				return ErrInvalidLengthGenesis
+			}
+			if postIndex > l {
+				return io.ErrUnexpectedEOF
+			}
+			if err := m.Params.Unmarshal(dAtA[iNdEx:postIndex]); err != nil {
+				return err
+			}
+			iNdEx = postIndex
 		default:
 			iNdEx = preIndex
 			skippy, err := skipGenesis(dAtA[iNdEx:])
diff --git a/x/ibc-transfer/types/params.go b/x/ibc-transfer/types/params.go
new file mode 100644
index 000000000..b3d61e198
--- /dev/null
+++ b/x/ibc-transfer/types/params.go
@@ -0,0 +1,53 @@
+package types
+
+import (
+	"fmt"
+
+	paramtypes "github.com/cosmos/cosmos-sdk/x/params/types"
+)
+
+const (
+	// DefaultTransfersEnabled enabled
+	DefaultTransfersEnabled = true
+)
+
+// KeyTransfersEnabled is store's key for TransfersEnabled Params
+var KeyTransfersEnabled = []byte("TransfersEnabled")
+
+// ParamKeyTable type declaration for parameters
+func ParamKeyTable() paramtypes.KeyTable {
+	return paramtypes.NewKeyTable().RegisterParamSet(&Params{})
+}
+
+// NewParams creates a new parameter configuration for the ibc transfer module
+func NewParams(enableTransfers bool) Params {
+	return Params{
+		TransfersEnabled: enableTransfers,
+	}
+}
+
+// DefaultParams is the default parameter configuration for the ibc-transfer module
+func DefaultParams() Params {
+	return NewParams(DefaultTransfersEnabled)
+}
+
+// Validate all ibc-transfer module parameters
+func (p Params) Validate() error {
+	return validateTransfersEnabled(p.TransfersEnabled)
+}
+
+// ParamSetPairs implements params.ParamSet
+func (p *Params) ParamSetPairs() paramtypes.ParamSetPairs {
+	return paramtypes.ParamSetPairs{
+		paramtypes.NewParamSetPair(KeyTransfersEnabled, p.TransfersEnabled, validateTransfersEnabled),
+	}
+}
+
+func validateTransfersEnabled(i interface{}) error {
+	_, ok := i.(bool)
+	if !ok {
+		return fmt.Errorf("invalid parameter type: %T", i)
+	}
+
+	return nil
+}
diff --git a/x/ibc-transfer/types/params_test.go b/x/ibc-transfer/types/params_test.go
new file mode 100644
index 000000000..a17ef4f95
--- /dev/null
+++ b/x/ibc-transfer/types/params_test.go
@@ -0,0 +1,12 @@
+package types
+
+import (
+	"testing"
+
+	"github.com/stretchr/testify/require"
+)
+
+func TestValidateParams(t *testing.T) {
+	params := DefaultParams()
+	require.NoError(t, params.Validate())
+}
diff --git a/x/ibc-transfer/types/query.pb.go b/x/ibc-transfer/types/query.pb.go
index 440f3280e..795416370 100644
--- a/x/ibc-transfer/types/query.pb.go
+++ b/x/ibc-transfer/types/query.pb.go
@@ -223,46 +223,134 @@ func (m *QueryDenomTracesResponse) GetPagination() *query.PageResponse {
 	return nil
 }
 
+// QueryParamsRequest is the request type for the Query/Params RPC method.
+type QueryParamsRequest struct {
+}
+
+func (m *QueryParamsRequest) Reset()         { *m = QueryParamsRequest{} }
+func (m *QueryParamsRequest) String() string { return proto.CompactTextString(m) }
+func (*QueryParamsRequest) ProtoMessage()    {}
+func (*QueryParamsRequest) Descriptor() ([]byte, []int) {
+	return fileDescriptor_26b3e8b4e9dff1c1, []int{4}
+}
+func (m *QueryParamsRequest) XXX_Unmarshal(b []byte) error {
+	return m.Unmarshal(b)
+}
+func (m *QueryParamsRequest) XXX_Marshal(b []byte, deterministic bool) ([]byte, error) {
+	if deterministic {
+		return xxx_messageInfo_QueryParamsRequest.Marshal(b, m, deterministic)
+	} else {
+		b = b[:cap(b)]
+		n, err := m.MarshalToSizedBuffer(b)
+		if err != nil {
+			return nil, err
+		}
+		return b[:n], nil
+	}
+}
+func (m *QueryParamsRequest) XXX_Merge(src proto.Message) {
+	xxx_messageInfo_QueryParamsRequest.Merge(m, src)
+}
+func (m *QueryParamsRequest) XXX_Size() int {
+	return m.Size()
+}
+func (m *QueryParamsRequest) XXX_DiscardUnknown() {
+	xxx_messageInfo_QueryParamsRequest.DiscardUnknown(m)
+}
+
+var xxx_messageInfo_QueryParamsRequest proto.InternalMessageInfo
+
+// QueryParamsResponse is the response type for the Query/Params RPC method.
+type QueryParamsResponse struct {
+	// params defines the parameters of the module.
+	Params *Params `protobuf:"bytes,1,opt,name=params,proto3" json:"params,omitempty"`
+}
+
+func (m *QueryParamsResponse) Reset()         { *m = QueryParamsResponse{} }
+func (m *QueryParamsResponse) String() string { return proto.CompactTextString(m) }
+func (*QueryParamsResponse) ProtoMessage()    {}
+func (*QueryParamsResponse) Descriptor() ([]byte, []int) {
+	return fileDescriptor_26b3e8b4e9dff1c1, []int{5}
+}
+func (m *QueryParamsResponse) XXX_Unmarshal(b []byte) error {
+	return m.Unmarshal(b)
+}
+func (m *QueryParamsResponse) XXX_Marshal(b []byte, deterministic bool) ([]byte, error) {
+	if deterministic {
+		return xxx_messageInfo_QueryParamsResponse.Marshal(b, m, deterministic)
+	} else {
+		b = b[:cap(b)]
+		n, err := m.MarshalToSizedBuffer(b)
+		if err != nil {
+			return nil, err
+		}
+		return b[:n], nil
+	}
+}
+func (m *QueryParamsResponse) XXX_Merge(src proto.Message) {
+	xxx_messageInfo_QueryParamsResponse.Merge(m, src)
+}
+func (m *QueryParamsResponse) XXX_Size() int {
+	return m.Size()
+}
+func (m *QueryParamsResponse) XXX_DiscardUnknown() {
+	xxx_messageInfo_QueryParamsResponse.DiscardUnknown(m)
+}
+
+var xxx_messageInfo_QueryParamsResponse proto.InternalMessageInfo
+
+func (m *QueryParamsResponse) GetParams() *Params {
+	if m != nil {
+		return m.Params
+	}
+	return nil
+}
+
 func init() {
 	proto.RegisterType((*QueryDenomTraceRequest)(nil), "ibc.transfer.QueryDenomTraceRequest")
 	proto.RegisterType((*QueryDenomTraceResponse)(nil), "ibc.transfer.QueryDenomTraceResponse")
 	proto.RegisterType((*QueryDenomTracesRequest)(nil), "ibc.transfer.QueryDenomTracesRequest")
 	proto.RegisterType((*QueryDenomTracesResponse)(nil), "ibc.transfer.QueryDenomTracesResponse")
+	proto.RegisterType((*QueryParamsRequest)(nil), "ibc.transfer.QueryParamsRequest")
+	proto.RegisterType((*QueryParamsResponse)(nil), "ibc.transfer.QueryParamsResponse")
 }
 
 func init() { proto.RegisterFile("ibc/transfer/query.proto", fileDescriptor_26b3e8b4e9dff1c1) }
 
 var fileDescriptor_26b3e8b4e9dff1c1 = []byte{
-	// 452 bytes of a gzipped FileDescriptorProto
-	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x84, 0x93, 0xbf, 0x8f, 0xd3, 0x30,
-	0x14, 0xc7, 0xe3, 0x02, 0x27, 0xe1, 0x9c, 0x18, 0x2c, 0x04, 0x51, 0x40, 0xb9, 0x53, 0x74, 0x1c,
-	0x50, 0xa8, 0xad, 0x94, 0x89, 0xb5, 0x42, 0x30, 0x74, 0x81, 0xaa, 0x13, 0x4b, 0xe5, 0xa4, 0x26,
-	0x8d, 0xa0, 0x71, 0x1a, 0xbb, 0x88, 0x0a, 0xb1, 0x30, 0x31, 0x30, 0x20, 0xf1, 0x17, 0xb0, 0x32,
-	0xf1, 0x67, 0x74, 0xac, 0xc4, 0xc2, 0x04, 0xa8, 0xe5, 0x0f, 0x41, 0xb1, 0x9d, 0x26, 0x55, 0x4f,
-	0xcd, 0x94, 0xa7, 0xbc, 0x5f, 0x9f, 0xf7, 0xf5, 0x7b, 0xd0, 0x49, 0xc2, 0x88, 0xc8, 0x9c, 0xa6,
-	0xe2, 0x15, 0xcb, 0xc9, 0x6c, 0xce, 0xf2, 0x05, 0xce, 0x72, 0x2e, 0x39, 0x3a, 0x4e, 0xc2, 0x08,
-	0x97, 0x1e, 0xf7, 0x7a, 0xcc, 0x63, 0xae, 0x1c, 0xa4, 0xb0, 0x74, 0x8c, 0xdb, 0x8e, 0xb8, 0x98,
-	0x72, 0x41, 0x42, 0x2a, 0x98, 0x4e, 0x26, 0x6f, 0x83, 0x90, 0x49, 0x1a, 0x90, 0x8c, 0xc6, 0x49,
-	0x4a, 0x65, 0xc2, 0x53, 0x13, 0x7b, 0x6b, 0xa7, 0x53, 0x69, 0x18, 0xe7, 0xed, 0x98, 0xf3, 0xf8,
-	0x0d, 0x23, 0x34, 0x4b, 0x08, 0x4d, 0x53, 0x2e, 0x55, 0xa6, 0xd0, 0x5e, 0xff, 0x21, 0xbc, 0xf1,
-	0xa2, 0x28, 0xfe, 0x84, 0xa5, 0x7c, 0x3a, 0xcc, 0x69, 0xc4, 0x06, 0x6c, 0x36, 0x67, 0x42, 0x22,
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-	0x0c, 0x7a, 0x1f, 0x1e, 0xd7, 0xd0, 0x85, 0x03, 0x4e, 0x2f, 0x1d, 0x62, 0xef, 0x5d, 0x5b, 0xfe,
-	0x3e, 0xb1, 0xbe, 0xff, 0x39, 0x39, 0x32, 0x75, 0xec, 0x6a, 0x16, 0x81, 0x9e, 0xed, 0x10, 0xb7,
-	0x14, 0xf1, 0xdd, 0x46, 0x62, 0x4d, 0x52, 0x47, 0xee, 0x7e, 0x6b, 0xc1, 0x2b, 0x0a, 0x19, 0x7d,
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-	0xfd, 0xe0, 0xe3, 0xcf, 0x7f, 0x5f, 0x5b, 0x0f, 0xd0, 0x7d, 0x92, 0x84, 0xd1, 0x68, 0xbb, 0x43,
-	0xe5, 0xaa, 0xd5, 0x75, 0x21, 0xef, 0x8b, 0x1d, 0xf8, 0x80, 0x3e, 0x01, 0x68, 0xd7, 0x64, 0x44,
-	0x87, 0x3b, 0x95, 0x4f, 0xe9, 0x9e, 0x37, 0x85, 0x19, 0xa2, 0xb6, 0x22, 0x3a, 0x43, 0x7e, 0x33,
-	0x51, 0xaf, 0xbf, 0x5c, 0x7b, 0x60, 0xb5, 0xf6, 0xc0, 0xdf, 0xb5, 0x07, 0xbe, 0x6c, 0x3c, 0x6b,
-	0xb5, 0xf1, 0xac, 0x5f, 0x1b, 0xcf, 0x7a, 0x19, 0xc4, 0x89, 0x9c, 0xcc, 0x43, 0x1c, 0xf1, 0x29,
-	0x31, 0x97, 0xa4, 0x3f, 0x1d, 0x31, 0x7e, 0x4d, 0xde, 0x15, 0xb5, 0x3b, 0xd5, 0xc5, 0x2c, 0x32,
-	0x26, 0xc2, 0x23, 0x75, 0x11, 0x8f, 0xfe, 0x07, 0x00, 0x00, 0xff, 0xff, 0x5b, 0xa6, 0x29, 0xd0,
-	0xb8, 0x03, 0x00, 0x00,
+	// 512 bytes of a gzipped FileDescriptorProto
+	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x84, 0x94, 0x31, 0x6f, 0xd3, 0x40,
+	0x14, 0xc7, 0x73, 0x2d, 0x44, 0xe2, 0xa5, 0x62, 0x38, 0x22, 0xb0, 0x4c, 0xe5, 0x06, 0x2b, 0x14,
+	0x28, 0xed, 0x9d, 0x52, 0x26, 0xd6, 0x82, 0x60, 0xe8, 0x52, 0xa2, 0x4e, 0x2c, 0xd5, 0xd9, 0x39,
+	0x1c, 0x0b, 0xe2, 0x73, 0x7d, 0x17, 0x44, 0x85, 0x58, 0x98, 0x18, 0x18, 0x90, 0x90, 0xf8, 0x10,
+	0x4c, 0x7c, 0x8c, 0x8e, 0x95, 0x58, 0x98, 0x00, 0x25, 0x7c, 0x10, 0xe4, 0xbb, 0x73, 0x6d, 0x2b,
+	0x51, 0x3c, 0xe5, 0x74, 0xef, 0xff, 0xde, 0xfb, 0xbd, 0xff, 0xbd, 0x18, 0x9c, 0x38, 0x08, 0xa9,
+	0xca, 0x58, 0x22, 0x5f, 0xf1, 0x8c, 0x9e, 0x4e, 0x79, 0x76, 0x46, 0xd2, 0x4c, 0x28, 0x81, 0x37,
+	0xe2, 0x20, 0x24, 0x45, 0xc4, 0xed, 0x46, 0x22, 0x12, 0x3a, 0x40, 0xf3, 0x93, 0xd1, 0xb8, 0x3b,
+	0xa1, 0x90, 0x13, 0x21, 0x69, 0xc0, 0x24, 0x37, 0xc9, 0xf4, 0xed, 0x20, 0xe0, 0x8a, 0x0d, 0x68,
+	0xca, 0xa2, 0x38, 0x61, 0x2a, 0x16, 0x89, 0xd5, 0xde, 0xae, 0x75, 0x2a, 0x0e, 0x36, 0xb8, 0x19,
+	0x09, 0x11, 0xbd, 0xe1, 0x94, 0xa5, 0x31, 0x65, 0x49, 0x22, 0x94, 0xce, 0x94, 0x26, 0xea, 0xef,
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+	0xbd, 0x1c, 0x44, 0xb1, 0x1a, 0x4f, 0x03, 0x12, 0x8a, 0x09, 0xb5, 0x5f, 0x06, 0xf3, 0xb3, 0x27,
+	0x47, 0xaf, 0xe9, 0xbb, 0xbc, 0xea, 0x5e, 0xf9, 0x05, 0x38, 0x4b, 0xb9, 0x0c, 0xda, 0xfa, 0x1f,
+	0xfe, 0xe8, 0x7f, 0x00, 0x00, 0x00, 0xff, 0xff, 0x53, 0x09, 0x7d, 0xcb, 0x88, 0x04, 0x00, 0x00,
 }
 
 // Reference imports to suppress errors if they are not otherwise used.
@@ -281,6 +369,8 @@ type QueryClient interface {
 	DenomTrace(ctx context.Context, in *QueryDenomTraceRequest, opts ...grpc.CallOption) (*QueryDenomTraceResponse, error)
 	// DenomTraces queries all denomination traces.
 	DenomTraces(ctx context.Context, in *QueryDenomTracesRequest, opts ...grpc.CallOption) (*QueryDenomTracesResponse, error)
+	// Params queries all parameters of the ibc-transfer module.
+	Params(ctx context.Context, in *QueryParamsRequest, opts ...grpc.CallOption) (*QueryParamsResponse, error)
 }
 
 type queryClient struct {
@@ -309,12 +399,23 @@ func (c *queryClient) DenomTraces(ctx context.Context, in *QueryDenomTracesReque
 	return out, nil
 }
 
+func (c *queryClient) Params(ctx context.Context, in *QueryParamsRequest, opts ...grpc.CallOption) (*QueryParamsResponse, error) {
+	out := new(QueryParamsResponse)
+	err := c.cc.Invoke(ctx, "/ibc.transfer.Query/Params", in, out, opts...)
+	if err != nil {
+		return nil, err
+	}
+	return out, nil
+}
+
 // QueryServer is the server API for Query service.
 type QueryServer interface {
 	// DenomTrace queries a denomination trace information.
 	DenomTrace(context.Context, *QueryDenomTraceRequest) (*QueryDenomTraceResponse, error)
 	// DenomTraces queries all denomination traces.
 	DenomTraces(context.Context, *QueryDenomTracesRequest) (*QueryDenomTracesResponse, error)
+	// Params queries all parameters of the ibc-transfer module.
+	Params(context.Context, *QueryParamsRequest) (*QueryParamsResponse, error)
 }
 
 // UnimplementedQueryServer can be embedded to have forward compatible implementations.
@@ -327,6 +428,9 @@ func (*UnimplementedQueryServer) DenomTrace(ctx context.Context, req *QueryDenom
 func (*UnimplementedQueryServer) DenomTraces(ctx context.Context, req *QueryDenomTracesRequest) (*QueryDenomTracesResponse, error) {
 	return nil, status.Errorf(codes.Unimplemented, "method DenomTraces not implemented")
 }
+func (*UnimplementedQueryServer) Params(ctx context.Context, req *QueryParamsRequest) (*QueryParamsResponse, error) {
+	return nil, status.Errorf(codes.Unimplemented, "method Params not implemented")
+}
 
 func RegisterQueryServer(s grpc1.Server, srv QueryServer) {
 	s.RegisterService(&_Query_serviceDesc, srv)
@@ -368,6 +472,24 @@ func _Query_DenomTraces_Handler(srv interface{}, ctx context.Context, dec func(i
 	return interceptor(ctx, in, info, handler)
 }
 
+func _Query_Params_Handler(srv interface{}, ctx context.Context, dec func(interface{}) error, interceptor grpc.UnaryServerInterceptor) (interface{}, error) {
+	in := new(QueryParamsRequest)
+	if err := dec(in); err != nil {
+		return nil, err
+	}
+	if interceptor == nil {
+		return srv.(QueryServer).Params(ctx, in)
+	}
+	info := &grpc.UnaryServerInfo{
+		Server:     srv,
+		FullMethod: "/ibc.transfer.Query/Params",
+	}
+	handler := func(ctx context.Context, req interface{}) (interface{}, error) {
+		return srv.(QueryServer).Params(ctx, req.(*QueryParamsRequest))
+	}
+	return interceptor(ctx, in, info, handler)
+}
+
 var _Query_serviceDesc = grpc.ServiceDesc{
 	ServiceName: "ibc.transfer.Query",
 	HandlerType: (*QueryServer)(nil),
@@ -380,6 +502,10 @@ var _Query_serviceDesc = grpc.ServiceDesc{
 			MethodName: "DenomTraces",
 			Handler:    _Query_DenomTraces_Handler,
 		},
+		{
+			MethodName: "Params",
+			Handler:    _Query_Params_Handler,
+		},
 	},
 	Streams:  []grpc.StreamDesc{},
 	Metadata: "ibc/transfer/query.proto",
@@ -534,6 +660,64 @@ func (m *QueryDenomTracesResponse) MarshalToSizedBuffer(dAtA []byte) (int, error
 	return len(dAtA) - i, nil
 }
 
+func (m *QueryParamsRequest) Marshal() (dAtA []byte, err error) {
+	size := m.Size()
+	dAtA = make([]byte, size)
+	n, err := m.MarshalToSizedBuffer(dAtA[:size])
+	if err != nil {
+		return nil, err
+	}
+	return dAtA[:n], nil
+}
+
+func (m *QueryParamsRequest) MarshalTo(dAtA []byte) (int, error) {
+	size := m.Size()
+	return m.MarshalToSizedBuffer(dAtA[:size])
+}
+
+func (m *QueryParamsRequest) MarshalToSizedBuffer(dAtA []byte) (int, error) {
+	i := len(dAtA)
+	_ = i
+	var l int
+	_ = l
+	return len(dAtA) - i, nil
+}
+
+func (m *QueryParamsResponse) Marshal() (dAtA []byte, err error) {
+	size := m.Size()
+	dAtA = make([]byte, size)
+	n, err := m.MarshalToSizedBuffer(dAtA[:size])
+	if err != nil {
+		return nil, err
+	}
+	return dAtA[:n], nil
+}
+
+func (m *QueryParamsResponse) MarshalTo(dAtA []byte) (int, error) {
+	size := m.Size()
+	return m.MarshalToSizedBuffer(dAtA[:size])
+}
+
+func (m *QueryParamsResponse) MarshalToSizedBuffer(dAtA []byte) (int, error) {
+	i := len(dAtA)
+	_ = i
+	var l int
+	_ = l
+	if m.Params != nil {
+		{
+			size, err := m.Params.MarshalToSizedBuffer(dAtA[:i])
+			if err != nil {
+				return 0, err
+			}
+			i -= size
+			i = encodeVarintQuery(dAtA, i, uint64(size))
+		}
+		i--
+		dAtA[i] = 0xa
+	}
+	return len(dAtA) - i, nil
+}
+
 func encodeVarintQuery(dAtA []byte, offset int, v uint64) int {
 	offset -= sovQuery(v)
 	base := offset
@@ -603,6 +787,28 @@ func (m *QueryDenomTracesResponse) Size() (n int) {
 	return n
 }
 
+func (m *QueryParamsRequest) Size() (n int) {
+	if m == nil {
+		return 0
+	}
+	var l int
+	_ = l
+	return n
+}
+
+func (m *QueryParamsResponse) Size() (n int) {
+	if m == nil {
+		return 0
+	}
+	var l int
+	_ = l
+	if m.Params != nil {
+		l = m.Params.Size()
+		n += 1 + l + sovQuery(uint64(l))
+	}
+	return n
+}
+
 func sovQuery(x uint64) (n int) {
 	return (math_bits.Len64(x|1) + 6) / 7
 }
@@ -995,6 +1201,148 @@ func (m *QueryDenomTracesResponse) Unmarshal(dAtA []byte) error {
 	}
 	return nil
 }
+func (m *QueryParamsRequest) Unmarshal(dAtA []byte) error {
+	l := len(dAtA)
+	iNdEx := 0
+	for iNdEx < l {
+		preIndex := iNdEx
+		var wire uint64
+		for shift := uint(0); ; shift += 7 {
+			if shift >= 64 {
+				return ErrIntOverflowQuery
+			}
+			if iNdEx >= l {
+				return io.ErrUnexpectedEOF
+			}
+			b := dAtA[iNdEx]
+			iNdEx++
+			wire |= uint64(b&0x7F) << shift
+			if b < 0x80 {
+				break
+			}
+		}
+		fieldNum := int32(wire >> 3)
+		wireType := int(wire & 0x7)
+		if wireType == 4 {
+			return fmt.Errorf("proto: QueryParamsRequest: wiretype end group for non-group")
+		}
+		if fieldNum <= 0 {
+			return fmt.Errorf("proto: QueryParamsRequest: illegal tag %d (wire type %d)", fieldNum, wire)
+		}
+		switch fieldNum {
+		default:
+			iNdEx = preIndex
+			skippy, err := skipQuery(dAtA[iNdEx:])
+			if err != nil {
+				return err
+			}
+			if skippy < 0 {
+				return ErrInvalidLengthQuery
+			}
+			if (iNdEx + skippy) < 0 {
+				return ErrInvalidLengthQuery
+			}
+			if (iNdEx + skippy) > l {
+				return io.ErrUnexpectedEOF
+			}
+			iNdEx += skippy
+		}
+	}
+
+	if iNdEx > l {
+		return io.ErrUnexpectedEOF
+	}
+	return nil
+}
+func (m *QueryParamsResponse) Unmarshal(dAtA []byte) error {
+	l := len(dAtA)
+	iNdEx := 0
+	for iNdEx < l {
+		preIndex := iNdEx
+		var wire uint64
+		for shift := uint(0); ; shift += 7 {
+			if shift >= 64 {
+				return ErrIntOverflowQuery
+			}
+			if iNdEx >= l {
+				return io.ErrUnexpectedEOF
+			}
+			b := dAtA[iNdEx]
+			iNdEx++
+			wire |= uint64(b&0x7F) << shift
+			if b < 0x80 {
+				break
+			}
+		}
+		fieldNum := int32(wire >> 3)
+		wireType := int(wire & 0x7)
+		if wireType == 4 {
+			return fmt.Errorf("proto: QueryParamsResponse: wiretype end group for non-group")
+		}
+		if fieldNum <= 0 {
+			return fmt.Errorf("proto: QueryParamsResponse: illegal tag %d (wire type %d)", fieldNum, wire)
+		}
+		switch fieldNum {
+		case 1:
+			if wireType != 2 {
+				return fmt.Errorf("proto: wrong wireType = %d for field Params", wireType)
+			}
+			var msglen int
+			for shift := uint(0); ; shift += 7 {
+				if shift >= 64 {
+					return ErrIntOverflowQuery
+				}
+				if iNdEx >= l {
+					return io.ErrUnexpectedEOF
+				}
+				b := dAtA[iNdEx]
+				iNdEx++
+				msglen |= int(b&0x7F) << shift
+				if b < 0x80 {
+					break
+				}
+			}
+			if msglen < 0 {
+				return ErrInvalidLengthQuery
+			}
+			postIndex := iNdEx + msglen
+			if postIndex < 0 {
+				return ErrInvalidLengthQuery
+			}
+			if postIndex > l {
+				return io.ErrUnexpectedEOF
+			}
+			if m.Params == nil {
+				m.Params = &Params{}
+			}
+			if err := m.Params.Unmarshal(dAtA[iNdEx:postIndex]); err != nil {
+				return err
+			}
+			iNdEx = postIndex
+		default:
+			iNdEx = preIndex
+			skippy, err := skipQuery(dAtA[iNdEx:])
+			if err != nil {
+				return err
+			}
+			if skippy < 0 {
+				return ErrInvalidLengthQuery
+			}
+			if (iNdEx + skippy) < 0 {
+				return ErrInvalidLengthQuery
+			}
+			if (iNdEx + skippy) > l {
+				return io.ErrUnexpectedEOF
+			}
+			iNdEx += skippy
+		}
+	}
+
+	if iNdEx > l {
+		return io.ErrUnexpectedEOF
+	}
+	return nil
+}
 func skipQuery(dAtA []byte) (n int, err error) {
 	l := len(dAtA)
 	iNdEx := 0
diff --git a/x/ibc-transfer/types/query.pb.gw.go b/x/ibc-transfer/types/query.pb.gw.go
index 397bb4791..23b91aafc 100644
--- a/x/ibc-transfer/types/query.pb.gw.go
+++ b/x/ibc-transfer/types/query.pb.gw.go
@@ -121,6 +121,24 @@ func local_request_Query_DenomTraces_0(ctx context.Context, marshaler runtime.Ma
 
 }
 
+func request_Query_Params_0(ctx context.Context, marshaler runtime.Marshaler, client QueryClient, req *http.Request, pathParams map[string]string) (proto.Message, runtime.ServerMetadata, error) {
+	var protoReq QueryParamsRequest
+	var metadata runtime.ServerMetadata
+
+	msg, err := client.Params(ctx, &protoReq, grpc.Header(&metadata.HeaderMD), grpc.Trailer(&metadata.TrailerMD))
+	return msg, metadata, err
+
+}
+
+func local_request_Query_Params_0(ctx context.Context, marshaler runtime.Marshaler, server QueryServer, req *http.Request, pathParams map[string]string) (proto.Message, runtime.ServerMetadata, error) {
+	var protoReq QueryParamsRequest
+	var metadata runtime.ServerMetadata
+
+	msg, err := server.Params(ctx, &protoReq)
+	return msg, metadata, err
+
+}
+
 // RegisterQueryHandlerServer registers the http handlers for service Query to "mux".
 // UnaryRPC     :call QueryServer directly.
 // StreamingRPC :currently unsupported pending https://github.com/grpc/grpc-go/issues/906.
@@ -167,6 +185,26 @@ func RegisterQueryHandlerServer(ctx context.Context, mux *runtime.ServeMux, serv
 
 	})
 
+	mux.Handle("GET", pattern_Query_Params_0, func(w http.ResponseWriter, req *http.Request, pathParams map[string]string) {
+		ctx, cancel := context.WithCancel(req.Context())
+		defer cancel()
+		inboundMarshaler, outboundMarshaler := runtime.MarshalerForRequest(mux, req)
+		rctx, err := runtime.AnnotateIncomingContext(ctx, mux, req)
+		if err != nil {
+			runtime.HTTPError(ctx, mux, outboundMarshaler, w, req, err)
+			return
+		}
+		resp, md, err := local_request_Query_Params_0(rctx, inboundMarshaler, server, req, pathParams)
+		ctx = runtime.NewServerMetadataContext(ctx, md)
+		if err != nil {
+			runtime.HTTPError(ctx, mux, outboundMarshaler, w, req, err)
+			return
+		}
+
+		forward_Query_Params_0(ctx, mux, outboundMarshaler, w, req, resp, mux.GetForwardResponseOptions()...)
+
+	})
+
 	return nil
 }
 
@@ -248,6 +286,26 @@ func RegisterQueryHandlerClient(ctx context.Context, mux *runtime.ServeMux, clie
 
 	})
 
+	mux.Handle("GET", pattern_Query_Params_0, func(w http.ResponseWriter, req *http.Request, pathParams map[string]string) {
+		ctx, cancel := context.WithCancel(req.Context())
+		defer cancel()
+		inboundMarshaler, outboundMarshaler := runtime.MarshalerForRequest(mux, req)
+		rctx, err := runtime.AnnotateContext(ctx, mux, req)
+		if err != nil {
+			runtime.HTTPError(ctx, mux, outboundMarshaler, w, req, err)
+			return
+		}
+		resp, md, err := request_Query_Params_0(rctx, inboundMarshaler, client, req, pathParams)
+		ctx = runtime.NewServerMetadataContext(ctx, md)
+		if err != nil {
+			runtime.HTTPError(ctx, mux, outboundMarshaler, w, req, err)
+			return
+		}
+
+		forward_Query_Params_0(ctx, mux, outboundMarshaler, w, req, resp, mux.GetForwardResponseOptions()...)
+
+	})
+
 	return nil
 }
 
@@ -255,10 +313,14 @@ var (
 	pattern_Query_DenomTrace_0 = runtime.MustPattern(runtime.NewPattern(1, []int{2, 0, 2, 1, 2, 2, 1, 0, 4, 1, 5, 3}, []string{"ibc_transfer", "v1beta1", "denom_traces", "hash"}, "", runtime.AssumeColonVerbOpt(true)))
 
 	pattern_Query_DenomTraces_0 = runtime.MustPattern(runtime.NewPattern(1, []int{2, 0, 2, 1, 2, 2}, []string{"ibc_transfer", "v1beta1", "denom_traces"}, "", runtime.AssumeColonVerbOpt(true)))
+
+	pattern_Query_Params_0 = runtime.MustPattern(runtime.NewPattern(1, []int{2, 0, 2, 1, 2, 2}, []string{"ibc_transfer", "v1beta1", "params"}, "", runtime.AssumeColonVerbOpt(true)))
 )
 
 var (
 	forward_Query_DenomTrace_0 = runtime.ForwardResponseMessage
 
 	forward_Query_DenomTraces_0 = runtime.ForwardResponseMessage
+
+	forward_Query_Params_0 = runtime.ForwardResponseMessage
 )
diff --git a/x/ibc-transfer/types/transfer.pb.go b/x/ibc-transfer/types/transfer.pb.go
index f8c0f63b1..0a4f8de6a 100644
--- a/x/ibc-transfer/types/transfer.pb.go
+++ b/x/ibc-transfer/types/transfer.pb.go
@@ -317,51 +317,102 @@ func (m *DenomTrace) GetBaseDenom() string {
 	return ""
 }
 
+// Params defines the set of IBC transfer parameters.
+// NOTE: To prevent a single token from being transferred, set the TransfersEnabled parameter to
+// true and then set the bank module's SendEnabled parameter for the denomination to false.
+type Params struct {
+	// transfers_enabled enables or disables all cross-chain token transfers from/to this chain.
+	TransfersEnabled bool `protobuf:"varint,1,opt,name=transfers_enabled,json=transfersEnabled,proto3" json:"transfers_enabled,omitempty" yaml:"transfers_enabled"`
+}
+
+func (m *Params) Reset()         { *m = Params{} }
+func (m *Params) String() string { return proto.CompactTextString(m) }
+func (*Params) ProtoMessage()    {}
+func (*Params) Descriptor() ([]byte, []int) {
+	return fileDescriptor_08134a70fd29e656, []int{4}
+}
+func (m *Params) XXX_Unmarshal(b []byte) error {
+	return m.Unmarshal(b)
+}
+func (m *Params) XXX_Marshal(b []byte, deterministic bool) ([]byte, error) {
+	if deterministic {
+		return xxx_messageInfo_Params.Marshal(b, m, deterministic)
+	} else {
+		b = b[:cap(b)]
+		n, err := m.MarshalToSizedBuffer(b)
+		if err != nil {
+			return nil, err
+		}
+		return b[:n], nil
+	}
+}
+func (m *Params) XXX_Merge(src proto.Message) {
+	xxx_messageInfo_Params.Merge(m, src)
+}
+func (m *Params) XXX_Size() int {
+	return m.Size()
+}
+func (m *Params) XXX_DiscardUnknown() {
+	xxx_messageInfo_Params.DiscardUnknown(m)
+}
+
+var xxx_messageInfo_Params proto.InternalMessageInfo
+
+func (m *Params) GetTransfersEnabled() bool {
+	if m != nil {
+		return m.TransfersEnabled
+	}
+	return false
+}
+
 func init() {
 	proto.RegisterType((*MsgTransfer)(nil), "ibc.transfer.MsgTransfer")
 	proto.RegisterType((*FungibleTokenPacketData)(nil), "ibc.transfer.FungibleTokenPacketData")
 	proto.RegisterType((*FungibleTokenPacketAcknowledgement)(nil), "ibc.transfer.FungibleTokenPacketAcknowledgement")
 	proto.RegisterType((*DenomTrace)(nil), "ibc.transfer.DenomTrace")
+	proto.RegisterType((*Params)(nil), "ibc.transfer.Params")
 }
 
 func init() { proto.RegisterFile("ibc/transfer/transfer.proto", fileDescriptor_08134a70fd29e656) }
 
 var fileDescriptor_08134a70fd29e656 = []byte{
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-	0x00, 0x00, 0x00, 0xff, 0xff, 0x8b, 0x58, 0xed, 0x2d, 0x80, 0x03, 0x00, 0x00,
+	// 569 bytes of a gzipped FileDescriptorProto
+	0x1f, 0x8b, 0x08, 0x00, 0x00, 0x00, 0x00, 0x00, 0x02, 0xff, 0x7c, 0x53, 0x4d, 0x6f, 0xd3, 0x30,
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+	0x74, 0xd1, 0x4e, 0x40, 0x91, 0x76, 0x44, 0x79, 0xce, 0x4c, 0x3c, 0xf8, 0xb1, 0x81, 0x76, 0x3f,
+	0xc8, 0xac, 0x6f, 0xbb, 0xe0, 0x17, 0x68, 0x57, 0xf2, 0x52, 0x50, 0x18, 0x4c, 0xb8, 0x50, 0x9e,
+	0xd3, 0x74, 0x5a, 0x3b, 0xdd, 0xc3, 0xc5, 0xb4, 0x81, 0x2f, 0x49, 0x31, 0x7e, 0x19, 0xdc, 0x08,
+	0x06, 0x31, 0x32, 0xa8, 0xc7, 0x85, 0xc2, 0xaf, 0xd1, 0x5d, 0x1b, 0xa3, 0x43, 0xc2, 0x18, 0x8c,
+	0xbd, 0x3b, 0x55, 0xed, 0xd1, 0x62, 0xda, 0x78, 0xb0, 0x56, 0x6b, 0xe3, 0x41, 0xbc, 0x6f, 0x88,
+	0x53, 0x83, 0xf1, 0x73, 0xb4, 0xa9, 0xf8, 0x08, 0x98, 0xb7, 0xd1, 0x74, 0x5a, 0xbb, 0x4f, 0x8f,
+	0x42, 0x23, 0x3d, 0xd4, 0xd2, 0x43, 0x2b, 0x3d, 0x3c, 0xe5, 0x39, 0xeb, 0xba, 0x57, 0xd3, 0x46,
+	0x2d, 0x36, 0xd9, 0xf8, 0x1c, 0xd5, 0x25, 0xb0, 0x14, 0x84, 0xe7, 0x36, 0x9d, 0xd6, 0x5e, 0xb7,
+	0xfd, 0x7b, 0xda, 0x38, 0xc9, 0x72, 0x35, 0x2c, 0x93, 0x90, 0xf2, 0x22, 0xb2, 0x06, 0x98, 0xcf,
+	0x89, 0x4c, 0x47, 0x91, 0xba, 0x9c, 0x80, 0x0c, 0x3b, 0x94, 0x76, 0xd2, 0x54, 0x80, 0x94, 0xb1,
+	0x6d, 0x80, 0x8f, 0xd1, 0xb6, 0x00, 0x0a, 0xf9, 0x05, 0x08, 0x6f, 0x53, 0xab, 0x8f, 0x57, 0x58,
+	0xcf, 0xa7, 0xf2, 0x02, 0x78, 0xa9, 0x06, 0x43, 0xc8, 0xb3, 0xa1, 0xf2, 0xea, 0x4d, 0xa7, 0xe5,
+	0xde, 0x9c, 0x6f, 0x3d, 0x1e, 0xc4, 0xfb, 0x96, 0x78, 0x57, 0x61, 0x7c, 0x8e, 0xee, 0x2f, 0x33,
+	0xf4, 0x57, 0x2a, 0x52, 0x4c, 0xbc, 0xad, 0xaa, 0xc9, 0xe3, 0xc5, 0xb4, 0xe1, 0xad, 0x37, 0x59,
+	0xa5, 0x04, 0xf1, 0x3d, 0xcb, 0xf5, 0x57, 0xd4, 0x37, 0xf4, 0xf0, 0x6d, 0xc9, 0xb2, 0x3c, 0x19,
+	0x43, 0x5f, 0x9b, 0xd0, 0x23, 0x74, 0x04, 0xea, 0x8c, 0x28, 0x82, 0x0f, 0xd0, 0x66, 0x0a, 0x8c,
+	0x17, 0xe6, 0xea, 0x62, 0x03, 0xf0, 0x21, 0xaa, 0x93, 0x82, 0x97, 0x4c, 0x55, 0xb7, 0xe2, 0xc6,
+	0x16, 0x69, 0xde, 0x9a, 0xb7, 0x51, 0xa5, 0xdf, 0xe6, 0x84, 0xbb, 0xee, 0x44, 0xd0, 0x47, 0xc1,
+	0x2d, 0x3f, 0xef, 0xd0, 0x11, 0xe3, 0x5f, 0xc6, 0x90, 0x66, 0x50, 0x00, 0x53, 0xd8, 0x43, 0x5b,
+	0xb2, 0xa4, 0x14, 0xa4, 0xac, 0x94, 0x6c, 0xc7, 0x4b, 0xa8, 0x15, 0x82, 0x10, 0x5c, 0x98, 0x05,
+	0x89, 0x0d, 0x08, 0x5e, 0x21, 0x74, 0xa6, 0xa5, 0xf6, 0x05, 0xa1, 0x80, 0x31, 0x72, 0x27, 0x44,
+	0x0d, 0xed, 0x10, 0xd5, 0x19, 0x3f, 0x41, 0x48, 0xaf, 0xc2, 0xc0, 0x8c, 0x67, 0x8a, 0x77, 0x34,
+	0x53, 0xd5, 0x05, 0x1f, 0x51, 0xbd, 0x47, 0x04, 0x29, 0x64, 0x65, 0xb4, 0xdd, 0x67, 0x39, 0x00,
+	0x46, 0x92, 0x31, 0xa4, 0x46, 0xc4, 0x9a, 0xd1, 0xff, 0xa6, 0x68, 0xa3, 0x97, 0xdc, 0x1b, 0x43,
+	0x75, 0xdf, 0x5f, 0xcd, 0x7c, 0xe7, 0x7a, 0xe6, 0x3b, 0xbf, 0x66, 0xbe, 0xf3, 0x7d, 0xee, 0xd7,
+	0xae, 0xe7, 0x7e, 0xed, 0xe7, 0xdc, 0xaf, 0x7d, 0x6a, 0xff, 0x77, 0xc5, 0xbe, 0x46, 0x79, 0x42,
+	0x4f, 0xfe, 0x3e, 0x5c, 0xbd, 0x71, 0x49, 0xbd, 0x7a, 0x72, 0xcf, 0xfe, 0x04, 0x00, 0x00, 0xff,
+	0xff, 0x25, 0x11, 0xa0, 0x84, 0xd5, 0x03, 0x00, 0x00,
 }
 
 func (m *MsgTransfer) Marshal() (dAtA []byte, err error) {
@@ -561,6 +612,39 @@ func (m *DenomTrace) MarshalToSizedBuffer(dAtA []byte) (int, error) {
 	return len(dAtA) - i, nil
 }
 
+func (m *Params) Marshal() (dAtA []byte, err error) {
+	size := m.Size()
+	dAtA = make([]byte, size)
+	n, err := m.MarshalToSizedBuffer(dAtA[:size])
+	if err != nil {
+		return nil, err
+	}
+	return dAtA[:n], nil
+}
+
+func (m *Params) MarshalTo(dAtA []byte) (int, error) {
+	size := m.Size()
+	return m.MarshalToSizedBuffer(dAtA[:size])
+}
+
+func (m *Params) MarshalToSizedBuffer(dAtA []byte) (int, error) {
+	i := len(dAtA)
+	_ = i
+	var l int
+	_ = l
+	if m.TransfersEnabled {
+		i--
+		if m.TransfersEnabled {
+			dAtA[i] = 1
+		} else {
+			dAtA[i] = 0
+		}
+		i--
+		dAtA[i] = 0x8
+	}
+	return len(dAtA) - i, nil
+}
+
 func encodeVarintTransfer(dAtA []byte, offset int, v uint64) int {
 	offset -= sovTransfer(v)
 	base := offset
@@ -662,6 +746,18 @@ func (m *DenomTrace) Size() (n int) {
 	return n
 }
 
+func (m *Params) Size() (n int) {
+	if m == nil {
+		return 0
+	}
+	var l int
+	_ = l
+	if m.TransfersEnabled {
+		n += 2
+	}
+	return n
+}
+
 func sovTransfer(x uint64) (n int) {
 	return (math_bits.Len64(x|1) + 6) / 7
 }
@@ -1312,6 +1408,79 @@ func (m *DenomTrace) Unmarshal(dAtA []byte) error {
 	}
 	return nil
 }
+func (m *Params) Unmarshal(dAtA []byte) error {
+	l := len(dAtA)
+	iNdEx := 0
+	for iNdEx < l {
+		preIndex := iNdEx
+		var wire uint64
+		for shift := uint(0); ; shift += 7 {
+			if shift >= 64 {
+				return ErrIntOverflowTransfer
+			}
+			if iNdEx >= l {
+				return io.ErrUnexpectedEOF
+			}
+			b := dAtA[iNdEx]
+			iNdEx++
+			wire |= uint64(b&0x7F) << shift
+			if b < 0x80 {
+				break
+			}
+		}
+		fieldNum := int32(wire >> 3)
+		wireType := int(wire & 0x7)
+		if wireType == 4 {
+			return fmt.Errorf("proto: Params: wiretype end group for non-group")
+		}
+		if fieldNum <= 0 {
+			return fmt.Errorf("proto: Params: illegal tag %d (wire type %d)", fieldNum, wire)
+		}
+		switch fieldNum {
+		case 1:
+			if wireType != 0 {
+				return fmt.Errorf("proto: wrong wireType = %d for field TransfersEnabled", wireType)
+			}
+			var v int
+			for shift := uint(0); ; shift += 7 {
+				if shift >= 64 {
+					return ErrIntOverflowTransfer
+				}
+				if iNdEx >= l {
+					return io.ErrUnexpectedEOF
+				}
+				b := dAtA[iNdEx]
+				iNdEx++
+				v |= int(b&0x7F) << shift
+				if b < 0x80 {
+					break
+				}
+			}
+			m.TransfersEnabled = bool(v != 0)
+		default:
+			iNdEx = preIndex
+			skippy, err := skipTransfer(dAtA[iNdEx:])
+			if err != nil {
+				return err
+			}
+			if skippy < 0 {
+				return ErrInvalidLengthTransfer
+			}
+			if (iNdEx + skippy) < 0 {
+				return ErrInvalidLengthTransfer
+			}
+			if (iNdEx + skippy) > l {
+				return io.ErrUnexpectedEOF
+			}
+			iNdEx += skippy
+		}
+	}
+
+	if iNdEx > l {
+		return io.ErrUnexpectedEOF
+	}
+	return nil
+}
 func skipTransfer(dAtA []byte) (n int, err error) {
 	l := len(dAtA)
 	iNdEx := 0