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The Daily Hodl
2022-06-22 16:55:18

UK Government Reverses Stance on Data Collection of Self-Custody Crypto Wallets

UK Government Reverses Stance on Data Collection of Self-Custody Crypto Wallets

The United Kingdom’s finance ministry is issuing new guidance on when crypto businesses can collect identifying information relating to self-custody wallets. After extensive consultation, the UK Treasury says crypto businesses will now be required to collect self-custody wallets’ identifying information only for transactions suspected of illegal activities. “Instead of requiring the collection of beneficiary and […]The post UK Government Reverses Stance on Data Collection of Self-Custody Crypto Wallets appeared first on The Daily Hodl.

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