Controversial new measures known as the travel rule, requiring crypto operators to identify the sender and recipient of funds transfers, are already legislated to take effect in the U.K. as of Sept. 1. While the money-laundering haven’t yet been fully implemented across the world, the U.K.’s upcoming stricter rules, including for advertising, have already put a halt to the crypto business of companies such as PayPal.
Related posts
-
Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange
The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found... -
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
Over the past week, non-fungible token (NFT) sales have... -
Holiday lull doesn’t slow crypto funding as Sentient scores $85m, Lombard raises $16m
The past week saw relatively low crypto funding activity, primarily due to the July Fourth holiday...