Europe Issues ‘Travel Rule’ Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime

Europe Issues ‘Travel Rule’ Guidelines for Crypto Firms Amid Push to Curb Money Laundering, Financial Crime

The European Union (EU) is adding more layers to its crypto-related regulations to ensure that virtual digital assets (VDAs) are not misused by criminals to conduct or finance illicit activities. The European Banking Authority (EBA) has imposed a ‘travel rule’ on crypto firms that will require them to store details…