Crypto exchanges subject to EU Travel Rule in 6 months

New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.

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Europe updates Travel Rule to include crypto service providers in anti-money laundering push

The European Banking Authority (EBA) has updated its Travel Rule guidelines to include crypto service providers and intermediaries, according to a July 4 statement. Starting Dec. 30, 2024, crypto exchanges in the European Union must follow the Travel Rule guidelines (EU-2023/1113). The rule mandates that exchanges report information on funds and crypto asset transfers. It […]

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Crypto Exchange bitFlyer Implements Travel Rule for Crypto Asset Transfers

BitFlyer, a leading Japanese crypto asset exchange operator, announced the implementation of new regulations known as the travel rule, aimed at preventing criminal activities and enhancing security in the crypto industry. (Read More)

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Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member [...]

The post Crypto travel rule implementation ‘remains relatively poor,’ says FATF appeared first on Crypto Breaking News.

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Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June

Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing the Tracing of Crypto Transactions The Cabinet of Japan, the executive

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Japan’s crypto Anti-Money Laundering measures to start in June: Report

The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”

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PayPal Joins Coinbase TRUST Network to Comply with Travel Rule

Coinbase has welcomed PayPal for joining TRUST, a global coalition that offers top-tier privacy and security safeguards to clients across jurisdictions while complying with the Travel Rule. (Read More)

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Paypal adds to list of crypto heavy hitters on the TRUST network

Paypal has stepped up its regulatory compliance by joining TRUST to streamline its reporting requirements relating to the digital assets “travel rule.”

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Korean crypto exchanges are now in compliance with the Travel Rule

Complying with the rules puts South Korea ahead of the curve for regulating virtual assets, but may be harming the domestic industry with overbearing transfer restrictions between exchanges.

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TRUST: Crypto Firms Tackle U.S. Money Laundering Rule 

Crypto firms such as Coinbase and Robinhood collaborate with the U.S. government to meet U.S. money-laundering standards.

Continue reading TRUST: Crypto Firms Tackle U.S. Money Laundering Rule  at DailyCoin.com.

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US-based crypto firms join forces for Travel Rule compliance

“We ... adding new members so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement.

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Coinbase, BlockFi, Kraken Team Up on Anti-Money Laundering Initiative

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Crypto Service Providers Willing to Embrace FATF Travel Rule, Study Shows

The Travel Rule, which now governs service providers in the digital currency ecosystem, is arguably not a source of concern as a new report from Notabene shows many firms in the space are in compliance already. (Read More)

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Crypto industry seems willing to adopt FATF travel rule: Survey

A new report claims that about 70% of respondents are either practicing the travel rule or planning to complete their compliance in Q1/Q2 2022.

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Coinbase-led TRUSThub set to enhance digital asset transparency

The Coinbase-led Travel Rule Universal Solution Technology (TRUST) has unveiled TRUSThub, a platform designed to streamline data sharing among Virtual Asset Service Providers (VASPs), according to a Dec. 5 statement shared with CryptoSlate. TRUSThub aims to enhance compliance capabilities and enable secure Travel Rule data exchange, even with non-members or unregulated entities. TRUST members can […]

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Is Bitcoin Self-Custody Under Threat in Europe?

A look at current regulation changes taking shape in Europe that could threaten Bitcoiners' ability and right to self custody.

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