⚡️🇬🇧 NEW - People buying cryptocurrency in the UK now need to share their account details or face penalties, new law that came into effect on 1 January, reports BBC.
Discussion
Yes, this information historically never falls into the wrong hands.
Account details? I don’t have an account. I have a private key that can unencumber bitcoin.
Legislation is not law. We the people do not consent to any legislation.
KYC stinks 😬
From 1 January 2026, new legislation tied to the OECD’s Cryptoasset Reporting Framework (CARF) now requires crypto holders in the UK to provide personal account details (name, address, date of birth, tax residence, National Insurance or tax ID) to their crypto-asset service providers, and platforms must report this data plus transaction summaries to HMRC.
They can’t censor crypto I’m afraid.
The bankers country !