UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

New crypto money laundering rules needn’t completely stop transfers to countries that don’t follow international norms, the U.K.’s Financial Conduct Authority (FCA) said in guidance published Thursday. 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 … Read more

PayPal to Stop Crypto Purchases in UK Until 2024

Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing stricter rules by the country’s financial regulator. The company said customers who have previously purchased crypto assets through their PayPal account can keep them on the platform or sell them at any time. However, starting … Read more