Crypto Exchange Faces Backlash Over Premature Travel Rule Enforcement

Crypto Exchange Faces Backlash Over Premature Travel Rule Enforcement

30 Dec Crypto News

“Not Your Keys, Not Your Crypto” Sparks Debate. On Dec. 27, Edoardo Farina, a well-known XRP advocate, reignited the age-old crypto mantra, “Not your keys, not your crypto,” while calling out Crypto exchange Crypto.com’s early enforcement of the EU’s Travel Rule.

Farina’s frustration stems from the exchange’s refusal to credit his 12 XRP deposit unless he disclosed both the beneficiary’s name and the origin of funds.

Farina shared his experience on X (formerly Twitter), stating, “I’m back in my home country and sent 12 $XRP as a test. Despite the ‘Travel Rule’ not taking effect until December 30, Crypto.com refused to credit my funds automatically.”

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