‘ 56 businesses from all over the world responded to the survey.

The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto compliance firm based in New York, most of the crypto industry will be Travel Rule-compliant by Q2 2022. Currently, the report claims that about 70% of respondents are either practicing the rule or planning to complete their compliance in Q1/Q2 2022. The advent of cryptocurrencies has presented a fresh problem in the effort to combat money laundering and terrorism financing. Since 2014, FATF has been monitoring this area to establish norms to address these new dangers. Since then, the FATF has continued to adjust and clarify its positi...