From December 30, 2024, cryptocurrency exchanges in the EU will have to comply with new regulations aimed at combating money laundering and terrorist financing (AML/CFT). These requirements, known as the Travel Rule, previously only applied to traditional financial institutions, but now they are being extended to the crypto industry as well.
Exchanges will begin collecting data such as the name and address of the sender and receiver of cryptocurrency, cryptocurrency wallet addresses, transaction amount, date and time of transfer. According to Travel Rule, all of this information must be stored for five years and made available to law enforcement.
Read the original article – https://ru.beincrypto.com/kriptobirzhi-es-travel-rule/.
