Crypto.com has reportedly begun enforcing the European Union's Travel Rule ahead of the December 30 deadline, blocking a user from making an XRP deposit. The Travel Rule is a regulation aimed at preventing money laundering and promoting transparency in the crypto industry. Users are required to provide information about the names of users involved in transfers and the origin and destination of funds. The early implementation has raised concerns about privacy and user rights. This move reflects increased regulatory oversight in the crypto industry and may set a precedent for global implementation. The United States is also expected to experience growth in its crypto industry under the leadership of President Donald Trump.



Other News from Today