UK Regulator: Crypto Firms to Follow Travel Rules from September

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Starting from September 1, 2023, cryptocurrency companies operating within the United Kingdom will be required to adhere to the travel rule set by the Financial Action Task Force (FATF), as stipulated by the UK's Financial Conduct Authority (FCA). Cryptocurrency firms will be obligated to take "all reasonable measures" to ensure compliance with the travel rule. Even if cryptocurrency companies utilize third-party providers, they are still expected to adhere to these regulations once they come into effect.