On July 5th, the European Banking Authority (EBA) took an important step to strengthen its anti-money laundering (AML) measures by announcing the extension of its travel rule guidelines to crypto service providers and their intermediaries. As of December 30th, cryptocurrency exchanges operating in the European Union (EU) will be subject to Regulation (EU) 2023/1113 (Travel Rule Guidelines), which requires reporting information on the transfer of funds and crypto assets. Once the regulation comes into force, payment service providers (PSPs), intermediary PSPs, CASPs and intermediary CASPs will be given a two-month buffer period to declare compliance with the new requirements. Some general provisions include collecting user information to transfer funds or crypto assets, determining whether a transaction is related to the purchase of services and detecting seemingly related transfers.