Few Crypto Firms Even Trying to Comply With FATF's ‘Travel Rule’

Few Crypto Firms Even Trying to Comply With FATF's ‘Travel Rule’
When it comes to complying with the so-called travel rule, the cryptocurrency industry has a long way to go.And it’s unclear when it will reach the destination – if, indeed, it can or even wants to.More than two and a half years after the Financial Action Task Force (FATF) announced that it intended to require cryptocurrency firms to retain the same customer data as banks and money services businesses for certain transactions, there is widespread unanimity among crypto groups on two points.The first is that, despite strong initial resistance, the industry has come together to make remarkable progress toward a…