Almost all cryptocurrency companies should comply with the anti-white (LMA) transparency rules this year, a set of requirements concerning the sharing of certain information on the initiator and the beneficiary of the transactions called “travel rule”, according to an annual survey carried out by the Cryptography LAM specialist.
Notabene interviewed 91 virtual asset service providers (VASP) and 10 regulatory organizations for its travel rule report in 2025. 90% of respondents said they expected to be fully in line with travel rules by MI -Dye and all declared that they would be in accordance with the rule by the end of the year.
“This is the only time we saw the respondents say,” yes, it’s the year, and we are committed to it “,” said Sacha Lowenthal, marketing manager at Notabene, in an interview.
Notabene also noted an high increase from one year to the other of the valp blocking withdrawals until the information on the beneficiaries is confirmed, from 2.9% in 2024 to 15.4% today. In addition, approximately a fifth of the VASP now returns the deposits if the initiator does not provide the required data.
The travel rule has become more a priority for businesses now than the United States has adopted a favorable position towards the crypto, and the rules of digital assets are in force in Europe, where the EU fund transfer (TFR) regulations have also had a major impact.
In addition, the growth of the stablescoins of the dollar and the euro as a payment method, a use case that the Circle of the Stablecoin giant has recently announced would be at the forefront of the new networks of products for the company, also stimulates compliance with travel rules.
But bringing cryptographic payments in accordance with the rest of the financial world, from an anti-flowering point of view, was not easy, with the emergence of geographic pockets of conformity and a patchwork of networks and systems that do not always speak, said the CEO of Notabene, Pelle Braendgaard. The interoperability challenge was considered a key obstacle among the notabene Vasps questioned.
“You really have to build a layer of travel rule that works like an open loop system, especially if you want to support things like the large -scale Stablecoin payment networks,” said Braendgaard in an interview. “Almost out of necessity, companies have created these small closed loop features, of the cloud type for crypto and stablecoins. And you need the open loop component, which, of course, is what crypto is.”
