Almost all cryptocurrency firms should be compliant with anti-money laundering (AML) transparency rules this year, a set of requirements around the sharing of certain information about the originator and beneficiary of transactions known as “the Travel Rule,” according to an annual survey carried out by crypto AML specialist Notabene.
Notabene surveyed 91 virtual asset service providers (VASPs) and 10 regulatory bodies for its 2025 Travel Rule Report. A full 90% of respondents said they expect to be fully Travel Rule compliant by midyear and all said they would be in line with the rule by year-end.
“This is the only time we’ve seen 100% respondents say, ‘Yes, this is the year, and we’re committing to it,’” Sacha Lowenthal, head of marketing at Notabene, said in an interview.
Notabene also found a high year-over-year increase in VASPs blocking withdrawals until beneficiary information is confirmed, jumping from 2.9% in 2024 to 15.4% today. Additionally, about a fifth of…
