PANews reported on November 12 that according to CoinDesk, crypto anti-money laundering (AML) startup Notabene has completed a $14.5 million Series B financing round, led by DRW Venture Capital, with participation from Apollo, Nextblock, ParaFi Capital and Wintermute. Notabene aims to help cryptocurrency trading companies comply with AML regulations and provide a SWIFT-like encrypted transaction information network for virtual asset service providers (VASPs). 165 companies including Copper, OKX and Ramp have used its platform.

As Europe incorporates the updated Fund Transfer Regulation (TFR) into crypto trading, Notabene CEO Pelle Braendgaard expects the platform's trading volume to increase significantly, currently processing an average of about $2 billion in transactions per day. He pointed out that Europe's compliance requirements will push the global crypto industry into a stricter regulatory framework.

Braendgaard predicted that the United States, under a future Trump administration, may emulate Europe’s TFR and MiCA policies to attract crypto trading back to the United States.