{"id":24783,"date":"2023-11-09T01:20:06","date_gmt":"2023-11-09T01:20:06","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/geminis-travel-rule-measures-reflect-worrying-creep-of-overregulation\/"},"modified":"2023-11-09T01:20:08","modified_gmt":"2023-11-09T01:20:08","slug":"geminis-travel-rule-measures-reflect-worrying-creep-of-overregulation","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/geminis-travel-rule-measures-reflect-worrying-creep-of-overregulation\/","title":{"rendered":"Gemini\u2019s Travel Rule measures reflect \u2018worrying creep\u2019 of overregulation"},"content":{"rendered":"
Crypto exchange Gemini newly announced measures to comply with the controversial crypto Travel Rule in the United Kingdom reflects a \u201cworrying creep\u201d toward overregulation and will strip customers of their freedom for self-custody, according to a Trezor analyst.<\/p>\n
On Nov. 7, cryptocurrency exchange Gemini announced it has made changes in order to comply with the new Travel Rule restrictions for customers in the U.K.<\/p>\n
Gemini said it will restrict outward cryptocurrency transfers to a list of 58 virtual asset service providers (VASPs) registered under the Travel Rule Universal Solution Technology (TRUST) starting on Nov. 17.<\/p>\n