U.K. Crypto Firms Struggle to Implement FATF’s Travel Rule Showcasing Global Challenge for Sector

Even where implemented, there are discrepancies. Canada, for instance, requires operators to jot down beneficiaries’ postal addresses, while the U.K. doesn’t, and firms are caught in a quandary when handling a transfer between the two, Catarina Veloso, co-chair of lobby group CryptoUK’s travel rule working group, told CoinDesk.