UK Crypto Firms Face New Travel Rule Requirements from FCA
The UK’s financial regulator has imposed new rules on crypto businesses to collect and verify information on digital asset transfers as part of its anti-money laundering and counter-terrorist financing efforts. The UK’s Financial Conduct Authority (FCA) has announced that the Travel Rule, a global standard for transparency in digital asset transfers, came into force on […]
Paypal joins TRUST network
In order to comply with the digital assets “travel rule“, financial payment company Paypal has stepped up its regulatory compliance by joining the Travel Rule Universal Solution Technology (TRUST). With the addition of the crypto-friendly digital payments behemoth Paypal to the Travel Rule Universal Solution Technology (TRUST) network, a number of well-known crypto companies have […]