What is the current situation of KYC obligation for crypto wallets?

TheLuWizz
The Crypto Paper
5 min readJun 22, 2022

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Photo by Lena Varzar on Unsplash

The obligation for crypto companies to collect all personal data from users of self-managed crypto wallets and forward it to the UK Treasury will be lifted. This is according to the June report of the Ministry of Finance. A corresponding bill will be implemented before September 2022, subject to parliamentary approval.

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TheLuWizz
The Crypto Paper

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