- Crypto(dot)om has faced backlash after enforcing the EU’s Travel Rule requirements ahead of its official implementation.
- XRP advocate Edoardo Farina criticized the platform’s refusal to credit a domestic transfer of 12 XRP, highlighting concerns over the early enforcement of the rule.
- The Travel Rule, will officially take effect on December 30, 2024.
On December 27, Edoardo Farina, a prominent XRP supporter, reminded the internet of the long-standing crypto mantra. The mantra is “Not your keys, not your crypto,” in response to Crypto(dot)com’s premature enforcement of the EU’s Travel Rule.
Farina expressed frustration over the platform’s refusal to credit his 12 XRP deposit unless he disclosed the beneficiary’s name and the origin of funds. Sharing his experience on X (formerly Twitter), he stated:
His remarks shed light on the increasing concerns about centralized crypto exchanges’ compliance practices, especially for seemingly straightforward…
