The EU is ringing in 2025 with a truly remarkable shitshow for your financial privacy and security.

• On 01.01.20205, FATF's Travel Rule extension to digital assets took effect in the EU
• VASPs are required to verify self-custodial wallets for transactions exceeding €1.000 and required to collect, store, and share information on transactions with beneficiaries
• The effectiveness of the Travel Rule to combat money laundering remains unknown

The Travel Rule is an anti-money laundering measure first proposed by the Financial Action Task Force (FATF), which requires financial institutions to transfer a sender's identifying information, such as name and address, to the receiver's financial institution.

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