According to Foresight News: The UK Financial Conduct Authority (FCA) announced that starting from September 1, crypto asset businesses in the UK will be required to collect, verify, and share information related to crypto asset transfers, known as the 'Travel Rule'. The Financial Action Task Force (FATF) has called on other jurisdictions to swiftly implement the Travel Rule, which aligns the practices of sending and receiving transactions in the crypto asset industry with common practices in other financial services sectors.