“A complete implementation of the ‘travel rule’ will prove to be difficult, considering not every technology allows this particular information to be stored and transferred. It would be much easier to set up a global register of identified addresses, a procedure also used in banking,” said Marc Toledo, managing director of Belgian crypto exchange Bit4You and director of the Blockchain Association of Belgium.
Source: https://www.coindesk.com/policy/2022/03/07/european-parliament-proposes-expanding-travel-rule-to-every-single-crypto-transaction/?utm_medium=referral&utm_source=rss&utm_campaign=headlines