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Published Aug 31, 2023 08:37PM ET Updated Aug 31, 2023 10:20PM ET
Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.
The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority on Aug. 17, and see to it that VASPs based in the U.K. will “collect, verify and share information” relating to crypto-asset transfers.
UK’s Travel Rule comes into effect, could halt certain crypto transfers
