The travel rule asks institutions to know who sits on each end of a transfer. Banks have done this quietly for decades.
On public rails, with providers that do not talk to each other and jurisdictions defining it differently, it becomes genuinely hard.
In this episode of Stable School, Pavle Krivokuća of
@FireblocksHQ on his view that compliance was never a promise to stop every bad transaction, but a record that you acted on the best information you had: