I didn't realize the FATF rule is set into place requiring all exchanges to follow foot. Cybersecurity companies like Ciphertrace are stepping up to help advise on the proper steps to take and even going so far as to implement other AML steps.
Pretty sure this is the first regulation to be taken seriously. Granted it has to do with all countries not just the united states
The FATF is a front for the US, and how seriously the travel rule will be taken remains to be seen. Globally, compliance with FATF rules is not total or widespread.
No major government has actually passed any laws complying with the travel rule yet, and only one country has done anything so far --
Lithuania. The US and squeaky clean services like Gemini and Bitpay will comply, but it'll be interesting to see what the rest of the world does.