EBA extends travel rule guidance to crypto service providers and their intermediaries

According to Cointelegraph, the European Banking Authority (EBA) has announced important measures to strengthen anti-money laundering (AML) efforts. The travel rule guidelines will be extended to include crypto service providers and intermediaries starting from December 30th. This means that crypto asset service providers (CASP) will be subject to the EU's AML/CFT regulations. In addition, crypto service providers and intermediaries will need to declare their multi-intermediary and cross-border transfer policies.