New EU regulations require crypto exchanges to comply with travel rule guidelines and strengthen anti-money laundering measures from December 30

Odaily News The European Banking Authority (EBA) said it will take important steps to strengthen anti-money laundering (AML) measures, and the travel rule guidance will be extended to crypto service providers and their intermediaries from December 30. This means that crypto asset service providers (CASPs) will be subject to the EUs anti-money laundering/counter-terrorist financing (AML/CFT) system. In addition, crypto service providers and intermediaries need to declare their multi-intermediary and cross-border transfer policies. (Cointelegraph)