Almost all cryptocurrency companies must comply with transparency rules against money laundering (AML) this year, a set of requirements around the exchange of certain information about the creator and the beneficiary of transactions known as “the travel rule”, according to an annual survey conducted by Crypto Aml Specialist Notabene.
Notabene surveyed 91 virtual asset services suppliers (VASPS) and 10 regulatory agencies for their 2025 travel rule report. 90% of complete respondents said they hope to be fully compatible with the travel rules to medium year and all said they would be in line with the rule by the end of the year.
“This is the only time we have seen 100% of the respondents say: ‘Yes, this is the year, and we are committing to it,” said Sacha Lowenthal, Marketing Chief of Notabene, in an interview.
Notabene also found a high increase year after year in Vasps blocking until the beneficiary’s information is confirmed, jumping from 2.9% in 2024 to 15.4% today. In addition, approximately a fifth of the VASP now returns the deposits if the creator does not provide the required data.
The travel rule has become a priority for companies now that the United States has adopted a favorable position towards cryptography, and digital asset rules are in force in Europe, where the regulation of the regulation of funds (TFF) of the EU has also had a great impact.
In addition, the growth of the stable of dollars and Europedas as a method of payments, a case of use that the giant circle of Stablecoin announced recently would be at the forefront of the new product networks for the company, it is also promoting compliance with the travel rules.
But bringing in line cryptographic payments with the rest of the financial world, from an anti-launching perspective of money, has not been easy, with the emergence of geographical compliance pockets and a mosaic of networks and systems that do not always talk to each other, said the CEO of Notabene, Pelle Braleendgaard. The interoperability challenge has been seen as a key barrier between the NewBene Vasps surveyed.
“You really need to build a layer of travel rules that work as an open loop system, especially if you want to admit things such as Stablecoin on scale payment networks,” Brandgaard said in an interview. “Almost out of necessity, companies have created this small closed circuit, functionality similar to the cloud for crypto and stablecoins. And the open loop component needs, which, of course, is what cryptography is.”
