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UK Implements Mandatory Customer Data Disclosure for Crypto Users by 2026
Starting from January 1, 2026, cryptocurrency users in the UK are required to submit their full name, date of birth, address, country of residence, and tax ID to service providers. Not adhering to this regulation could lead to penalties of up to £300 ($408).
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AI Analysis
The UK government's decision to mandate the collection of comprehensive personal data from crypto users marks a significant step toward tighter regulation in the cryptocurrency sector. This measure al...
AI Recommendation
Crypto users and service providers should prepare for the upcoming regulation by establishing robust data collection and verification processes to ensure compliance before the enforcement date. It is ...
Disclaimer
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