Almost all cryptocurrency companies should be in accordance with anti-white laundering (AML) transparency rules this year, a set of requirements regarding the sharing of certain information about the author and the beneficiary of transactions known as the “travel rule”, according to an annual study conducted by Crypto Aml specialist Notabene.

Notabene examined 91 Virtual Asset Service Providers (VASPS) and 10 regulatory organs for its 2025 -travel management report. As many as 90% of respondents said they expect to be full travel government in accordance with Midyear, and everyone said they would be in line with the board at the end of the year.

“This is the only time we’ve seen 100% respondents say,” Yes, this is the year, and we commit to it, “Sacha Lowenthal, Marketing Manager at Notabene, said in an interview.

Notabene also found a high increase in the year over the year in VASPS-blocking payouts until the recipient information is confirmed and jumped from 2.9% in 2024 to 15.4% today. In addition, approximately one fifth of VASPs now returns deposits if the author does not provide the required data.

The travel rule has become more prioritized for businesses, now that the United States has taken a favorable attitude towards crypto, and the rules of digital asset are in force in Europe, where the EU transfer of funding regulation (TFR) has also had a major influence.

In addition, the growth of the dollar and euro-pegged stableecoins as a payment method, a use case that StableCecoin Giant Circle recently announced to be at the forefront of new product networks for the company, also operates compliance with travel government.

But bringing crypto payments in line with the rest of the financial world, from an anti-laundering of money laundering, has not been easy with the advent of geographical pockets of observance and a patchwork of networks and systems that do not always talk to each other, said Notabene CEO Pelle Braendgaard. The interoperability challenge has been seen as a key barrier among the VASP notabene studied.

“You really need to build a travel roof layer that acts as an open loop system, especially if you want to support things like stableecoin payment network on scale,” Braendgaard said in an interview. “Almost of necessity, companies have created these small closed loops, currency-like functionality for crypto and stablecoins. And you need the open loop component, which of course is what crypto is.”