EBA GUIDELINES SHOW HOW TO APPLY TRAVEL RULE TO CRYPTO TRANSFERS
July 22nd, 2024
New guidelines (1) from the European Banking Authority (EBA) will steer crypto-asset service providers (CASPs) in applying the so-called travel rule, requiring counterparties to pass on identifying information about the originators and beneficiaries of crypto-transfers. The European Union (EU) extended the travel rule to crypto under a June 2023 regulation (2) revising its fund transfer rules, which brings the bloc into line with Financial Action Task Force (FATF) recommendation 15 on new tech. This crypto travel rule is the first part of EU anti-money laundering ...
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