The UK government decided against requiring mandatory KYC for all unhosted wallet transactions, opting instead for a risk-based approach following industry feedback. Regulated firms will only collect, not automatically verify, information on these transfers unless an elevated risk is identified.
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Unhosted wallets: crypto’s biggest compliance conundrum - Elliptic
United Kingdom Will Not Require Kyc For Unhoste... ★ Original & Exclusive
The UK government decided against requiring mandatory KYC for all unhosted wallet transactions, opting instead for a risk-based approach following industry feedback. Regulated firms will only collect, not automatically verify, information on these transfers unless an elevated risk is identified.
AI responses may include mistakes. For financial advice, consult a professional. Learn more United Kingdom Will Not Require KYC for Unhoste...
Unhosted wallets: crypto’s biggest compliance conundrum - Elliptic The UK government decided against requiring mandatory KYC
