Crypto Advocacy Center Says Proposed UK AML Regulations Violate Privacy Rights
Coin Center — a nonprofit research and advocacy center focused on crypto-related public policy issues — has urged Her Majesty’s Treasury not to over-broaden the scope of the United Kingdom’s anti-money laundering/counter terrorism financing (AML/CFT) regulations.
The development was revealed in an official Coin Center news release published on June 10.
Coin Center’s central concern regards HM Treasury’s plans to ostensibly “impose data collection and reporting requirements on not only cryptocurrency developers, but all open-source software developers and others who facilitate the peer-to-peer exchange of cryptoassets,” as the news release states.
https://cointelegraph.com/news/crypto-advocacy-center-says-proposed-uk-aml-regulations-violate-privacy-rights