PANews November 12 news, according to CoinDesk, the crypto anti-money laundering (AML) startup Notabene has completed a $14.5 million Series B financing, led by DRW Venture Capital, with participation from Apollo, Nextblock, ParaFi Capital, and Wintermute. Notabene aims to help cryptocurrency trading companies comply with AML regulations and provides a SWIFT-like crypto transaction information network for virtual asset service providers (VASPs), with 165 companies including Copper, OKX, and Ramp already using its platform.
As Europe incorporates updated Transfer of Funds Regulation (TFR) into crypto trading, Notabene CEO Pelle Braendgaard expects a significant increase in platform trading volume, currently averaging around $2 billion in transactions per day. He noted that Europe’s compliance requirements will push the global crypto industry into a more stringent regulatory framework.
Braendgaard predicts that under a future Trump administration, the U.S. may emulate Europe’s TFR and MiCA policies to attract crypto trading back to the U.S.