The European Union (EU) is introducing new travel regulations in 2025 that will impact the use of bank cards, cryptocurrencies, and crypto exchanges for travelers. The regulations include restrictions and additional verification measures for certain bank cards and cryptocurrencies. Travelers are advised to contact their financial institutions before their trips to understand any limitations or requirements. The EU is implementing the Transfer of Funds Regulation (TFR) Travel Rule, which will extend to cryptocurrency transactions in 2025. Crypto asset service providers (CASPs) in Europe will need to provide information about the sender and receiver of crypto assets and comply with the General Data Protection Regulation (GDPR) for personal data processing. The regulations do not apply to person-to-person transfers or exchanges involving self-hosted wallets unless a CASP is involved. Only cryptocurrency exchanges that are compliant with the EU's Markets in Crypto-Assets (MiCA) regulation will be allowed to operate within the EU. Tourists using cryptocurrencies during their visits are advised to ensure their chosen exchange is MiCA-compliant. The Entry/Exit System (EES) will replace passport stamps with a digital tracking system, requiring travelers to be aware of their travel routes and comply with the new system.
- Content Editor ( cryptopolitan.com )
- 2025-01-04
New EU travel rules go into effect in 2025, non-compliant tokens and bank cards affected