🔔Attention! The European Banking Authority (EBA) is expanding travel rules to include crypto services and their intermediaries in a bid to strengthen anti-money laundering measures. From December 30, crypto exchanges in the EU will have to comply with Regulation (EU) 2023/1113, requiring reporting of transfers of funds and crypto assets. 📊

Crypto-asset service providers (CASPs) will also be subject to the EU Anti-Money Laundering and Anti-Terrorism Financing (AML/CFT) framework.

Crypto services must collect user information for transfers of funds or crypto assets, identify transactions associated with the services, and detect related transfers.

What is your opinion about the new regulations? Let's discuss in the comments! 👇