As the UK’s regulatory landscape for cryptoasset businesses evolves, compliance with the Travel Rule has become a key priority for Virtual Asset Service Providers (VASPs) and crypto firms. To support the industry in navigating these requirements, CryptoUK’s Travel Rule Working Group has developed the Travel Rule Good Practices Guide—a comprehensive resource designed to help firms understand and implement effective compliance measures.

This guide provides:

• A clear overview of the UK Travel Rule regulatory framework and its impact on cryptoasset businesses.
• Best practices and practical insights from industry leaders to ensure smooth compliance.
• Guidance on counterparty VASP due diligence, including operational challenges and effective solutions.
• Considerations for unhosted wallets, regulatory obligations, and risk mitigation strategies.
• A collaborative approach to compliance, fostering standardisation and efficiency across the industry.

By offering a structured approach to Travel Rule implementation, this guide helps firms address operational complexities while remaining compliant with UK regulations. Whether you are a new entrant or an established crypto business, this resource will assist you in aligning with regulatory expectations and enhancing industry-wide best practices.

Click here to download the guide

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