Report: 90% of crypto companies surveyed expect to be compliant with the travel rule by mid-2025

PANews reports on April 23 that according to CoinDesk, the latest "Travel Rule Compliance Report for 2025" released by Notabene shows that 90% of the 91 surveyed virtual asset service providers expect to fully comply with the anti-money laundering travel rule by mid-2025, with all surveyed institutions promising to meet the standards by the end of the year. The report points out that as the United States adopts a more positive attitude towards cryptocurrency regulation and the EU's Fund Transfer Regulation takes effect, the proportion of VASPs requiring beneficiary information confirmation before allowing withdrawals has significantly increased from 2.9% in 2024 to 15.4%, with approximately 20% of VASPs beginning to refund transactions from parties who have not provided complete information. Notabene's CEO stated that despite the accelerated compliance process, insufficient interoperability between systems in different jurisdictions remains the primary challenge.