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UK Government Backtracks on Unhosted Wallet Data Collection Proposal

The government said it didn't make sense to require all senders of funds to private crypto wallets to collect recipients' identification details.

The U.K. government published the results of its consultation on money laundering and terror financing rules. (Cristian Gusa/Shutterstock)
The U.K. government published the results of its consultation on money laundering and terror financing rules. (Cristian Gusa/Shutterstock)