The European Banking Authority has extended the travel rule guidelines to crypto service providers and intermediaries

ChainCatcher news, according to Cointelegraph, the European Banking Authority (EBA) has stated that it will take significant steps to strengthen anti-money laundering (AML) measures, with the travel rule guidelines extending to crypto service providers and intermediaries starting from December 30. This means that crypto asset service providers (CASP) will be subject to the EU's anti-money laundering/counter-terrorism financing (AML/CFT) regime.

In addition, crypto service providers and intermediaries will need to declare their multi-intermediary and cross-border transfer policies.