What is UK travel rule?
What is UK travel rule? UK-based cryptoasset businesses must comply with the Travel Rule before permitting an inter-cryptoasset business transfer and should verify the information it receives on the basis of a reliable source. The pseudonymity of cryptoassets is a foundational attraction of the technology.
What is the travel rule?
A Bank Secrecy Act (BSA) rule [31 CFR 103.33(g)]—often called the “Travel” rule—requires all financial institutions to pass on certain information to the next financial institution, in certain funds transmittals involving more than one financial institution.