Governments and regulatory bodies across the world have imposed a slew of rules to fight financial crime. The European Union has adopted stricter AML rules under its Markets in Crypto-Assets (MiCA) framework. One notable rule requires crypto providers to collect and verify identity information for even unhosted wallets. The FATF Travel Rule mandates financial institutions and crypto exchanges to share sender and receiver information for transactions above a certain threshold. Non-compliance often leads to freezes.