According to Foresight News, the UK has implemented new cryptocurrency travel rules as of September 1, which now support the withholding of certain cryptocurrency transfers. The UK's Financial Conduct Authority requires Virtual Asset Service Providers (VASPs) to collect, verify, and share information related to crypto asset transfers. If a VASP receives an inbound payment from an individual or entity from a jurisdiction that has not implemented travel rules, they must conduct a 'risk-based assessment' on whether to provide crypto assets to the beneficiary.