Gemini to limit UK crypto transfers, sparking backlash over loss of Bitcoin freedoms
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Gemini will restrict UK users to sending crypto only to 58 registered VASPs under Travel Rule starting Nov. 17.
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Trezor analyst argues it limits user freedom and ability to self-custody, against Bitcoin principles.
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Will also restrict inbound transfers from non-TRUST VASPs in December.
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Goes against freedom and privacy of Bitcoin, giving exchanges control, says analyst.
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Many on Twitter expressed negative reactions to Gemini's new restrictions.