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UK Treasury moves toward implementing FATF's crypto 'travel rule' with public consultation

From theblockcrypto.com

HM Treasury, the U.K. government's finance ministry, unveiled Thursday a public consultation on, among other subjects, its planned implementation of the Financial Action Task Force (FATF)'s so-called travel rule for cryptocurrency transactions. On July 22, the Treasury said that the consultation represents a key step toward amending UK regulations covering terrorism financing, money laundering and the transfer of funds. The consultation runs from now until October 14, according to the government's report, eyeing a legislative move in the spring of 2022. "The government has been kept informed of technological ... (full story)

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