A recent survey by Notabene projects that nearly all cryptocurrency firms will achieve full compliance with anti-money laundering (AML) transparency rules by the end of 2025. The 2025 Travel Rule Report, which included responses from 91 virtual asset service providers (VASPs) and 10 regulatory bodies, demonstrates a strong industry-wide commitment to meeting these regulatory standards.
The report highlights a significant increase in VASPs enforcing compliance by blocking withdrawals until beneficiary information is verified. This figure has risen sharply from 2.9% in 2024 to 15.4% in 2025. Furthermore, approximately 20% of VASPs now return deposits if the originator does not provide the necessary data, indicating a proactive approach to enforcing the Travel Rule.
Several factors are driving this push for compliance, including the increasing use of stablecoins as a payment method and the impact of the EU Transfer of Funds Regulation (TFR). These developments have made AML compliance a higher priority for cryptocurrency firms, as they seek to align with evolving regulatory expectations and industry best practices.