Unhosted wallets: crypto’s biggest compliance conundrum - Elliptic
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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For Unhoste... | United Kingdom Will Not Require Kyc
Unhosted wallets: crypto’s biggest compliance conundrum - Elliptic
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