FATF Travel Rule Requirements in the European Union

The European Union (EU) has established comprehensive rules to harmonize cryptocurrency regulation. The Markets in Crypto-assets (MiCA) framework addresses consumer protection, asset classification, licensing, and market abuse. Additionally, the Transfer of Funds Regulation (TFR) ensures compliance with the Financial Action Task Force’s (FATF) rules for tracking crypto transactions.

MiCA and TFR were adopted on May 31, 2023. All Crypto-Asset Service Providers (CASPs) in the 27 EU member states must comply with the crypto Travel Rule by December 30, 2024.

Download our jurisdiction guide for an in-depth look at FATF Travel Rule requirements across all 27 EU member states. Highlights include:

• Travel Rule compliance thresholds
• Protocol interoperability requirements
• Obligations for European beneficiary CASPs
• Management of non-compliant transactions and counterparties
• Non-custodial wallet requirements

+ much more