UK government walks back from controversial crypto data collection plan

ICYMI: UK government walks back from controversial crypto data collection plan

UK government has amended controversial plans for crypto transfers and information sharing.

Last July, the UK Treasury office released a consultation document on cryptocurrencies which stated that financial standards should be consistent across all financial services — including cryptocurrency.proposed that people that wished to send funds to private crypto wallets would need to collect the recipient's personal identification when doing so.

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