Report: 90% of surveyed cryptocurrency companies expect to comply with travel rules by mid-2025

According to CoinDesk, Notabene's latest "2025 Travel Rule Compliance Report" shows that 90% of the 91 surveyed virtual asset service providers expect to fully comply with anti money laundering travel rules by mid-2025, and all surveyed institutions have committed to meeting the standards by the end of the year. The report points out that with the United States' shift towards positive attitudes towards cryptocurrency regulation and the implementation of the European Union's Funds Transfer Regulation, the proportion of VASPs that require confirmation of beneficiary information before allowing withdrawals has significantly increased from 2.9% in 2024 to 15.4%, and about 20% of VASPs have begun to refund transaction initiators who have not provided complete information. The CEO of Notabene stated that despite the acceleration of compliance processes, insufficient interoperability between systems in various jurisdictions remains a major challenge.