United Kingdom : The government implemented the Travel Rule in September 2023, which provides a roadmap for crypto asset businesses to achieve compliance.

The United Kingdom's implementation of the Travel Rule in September 2023.

The Travel Rule is a regulation that requires crypto asset businesses to collect and share certain information about the origin and destination of cryptocurrency transactions. This includes details such as the sender's and recipient's names, addresses, and account numbers.

By implementing the Travel Rule, the UK aims to prevent money laundering and terrorist financing in the cryptocurrency sector. Crypto businesses in the UK must now achieve compliance with this regulation, which is expected to enhance the transparency and security of cryptocurrency transactions in the country.