The text of the regulation on information accompanying the transfer of crypto funds – the so-called Travel Rule – has recently been approved by the European Parliament.
This will include crypto assets (Transfer of Funds Regulation).
The measure is part of the EU’s anti-money laundering package and, together with the regulation on cryptoassets (MiCA), is intended to complete the regulatory framework applicable to cryptocurrency-related services.
The regulation aims to ensure that the transfer of crypto-assets can be tracked and therefore suspicious transactions can be blocked by operators, thereby reducing the risk of money laundering or terrorist financing.
To achieve this goal, the agreement provides for the extension of the so-called travel rule to crypto-asset transactions.
What is the so-called travel rule and what does it have to do with crypto?
The Travel Rule is a measure applied in the banking and financial sector, according to which information about the originato
We współpracy z: https://en.cryptonomist.ch/2023/05/06/here-comes-travel-rule-crypto-operators/
