OBJECTIVE OBJECTIVE TRANSLATION TRANSLATIONS TO NEW REGS, STABLECIN PAYMENTS, NOTABENE SURVEY FIND

Almost all cryptocurrency companies should comply with the rules of anti-money laundering (AML) transparency this year, a set of requirements around sharing some information about the origin and beneficiary of transactions known as “the rule of travel“According to an annual survey conducted by the Crypto AML Specialist Notabene.

Notabene reviews 91 Virtual Asset Service Provider (Vasps) and 10 regulations bodies for this 2025 Report on Travel Rule. A full 90% of the respondents said they hoped to fully comply with the Midyear Travel rule and all said they were in line with the rule at the end of the year.

“It’s the only time we’ve seen 100% respondents saying, ‘Yes, this is the year, and we assume it,'” Sacha Lowenthal, head of Marketing in Notabene, said in an interview.

Notabene also found a high-year-year increase in Vasp that blocked the departure until the beneficiary’s information was confirmed, which was jumping from 2.9% from 2024 to 15.4% today. In addition, about a fifth of the Vasp now the deposits return if the originated failed to provide the required data.

The travel rule has become more than a priority for companies now that the US has made a desirable bearing toward crypto, and the digital policies are In strength in EuropeWhere the EU Transfer of Funds Regulation (TFR) also has a significant impact.

In addition, the growth of dollars- and euro-pegged stablecoins as a payment method, a case of use that stablecoin giant Circle recently announced will be at the forefront of new product networks for the firm, will also drive in compliance with the travel rule.

But bringing crypto payments in accordance with the rest of the financial world, from an anti-money laundering perspective, has not been easy, with the emergence of Geographical pockets of compliance And a patchwork of networks and systems that do not always talk to each other, notabene CEO Pelle Braendgaard said. The challenge of interoperability has been seen as a major obstacle to Vasas’ reviewed notabene.

“You really need to develop a layer of travel rule that works as an open loop system, especially if you want to support things like Stablecoin Payment Networks on the scale,” Braendgaard said in an interview. “Almost out of demand, companies have created small closed loops, cloud-like functionality for crypto and stablecoins. And you need the open part of the loop, which, of course, is what crypto is.”