UK wants more crypto user data just as trust in KYC takes new hit
New U.K. rules could mean more data from crypto users, just as a recent leak shows how risky that can be.
Just as a major crypto platform admitted contractors leaked user info, the United Kingdom unveiled strict new rules requiring firms to collect and report detailed personal data on every crypto transaction.
Starting Jan. 1, 2026, crypto firms operating in the U.K. will be expected to keep tabs on just about everything — every customer, every transaction, every movement of crypto. It’s part of the U.K.’s effort to bring transparency — and accountability — to a space long accused of being a bit too shadowy for its own good.
HM Revenue and Customs dropped the news in a May 14 statement, saying crypto…
