VRB News
Virtual Reality Brisbane
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
No Result
View All Result
Home IT news

The British government has concerns about privacy

admin by admin
June 24, 2022
in IT news
0
Global Startup Ecosystem Report 2020: London ist Europas Nummer eins an der Spitze der weltweiten Startup-Regionen, Berlin fällt zurück
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Global Startup Ecosystem Report 2020: London is Europe’s Number One at the top of the Global Startup Regions, Berlin Falls Behind

The British Treasury has decided that crypto companies do not need to collect information about users‘ wallets. As a result, users will not have to prove that a particular receiver address belongs to them. The reason for this decision is that the government is concerned about privacy.

No good evidence for disproportionate criminal activity

In a report this month, the UK Treasury writes that “many individuals who hold crypto-assets for legitimate purposes use non-hosted wallets” and that there is no “good evidence” that such wallets are disproportionately used for criminal activity. The government does expect crypto companies to collect personal information for “transactions identified as presenting an increased risk of illicit finance.“

 

Advancing insight

The Treasury had previously indicated that crypto transactions would fall under the supervision of the Financial Action Task Force (FATF), which means that both the originator and the recipient of the funds transferred by crypto companies must be identified.

The measure was withdrawn due to concerns about privacy, feasibility and the short- and longterm costs. Some of those consulted suggested using Zero-Knowledge Proof technology to “demonstrate that due-diligence checks have been carried out”, to avoid sharing personal information.

Previous Post

Oculus Rift is unlikely to arrive in 2015

Next Post

How relocations tell the story of a lifetime

admin

admin

Related Posts

Gamer’s Week 2023: Know all the promotions on Amazon Mexico
IT news

Gamer’s Week 2023: Know all the promotions on Amazon Mexico

February 6, 2023
ChatGPT gets paid version with subscription model
IT news

ChatGPT gets paid version with subscription model

February 2, 2023
When is the HOT SALE 2023 in Mexico?
IT news

When is the HOT SALE 2023 in Mexico?

January 31, 2023
Dedicated Servers
IT news

The advantages of dedicated servers: cost, performance, security

January 27, 2023
Different types of proxies and their benefits for online security
IT news

Different types of proxies and their benefits for online security

January 27, 2023
Next Post
How relocations tell the story of a lifetime

How relocations tell the story of a lifetime

Premium Content

First impressions of the Pimax 8K in Berlin Sent by the community

First impressions of the Pimax 8K in Berlin Sent by the community

January 27, 2022
Here you can shop for home decor online

Here you can shop for home decor online

December 10, 2021
Vaccine from Pfizer and BioNTech received “accelerated” status from the regulatory authorities

Vaccine from Pfizer and BioNTech received “accelerated” status from the regulatory authorities

July 14, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Gamer’s Week 2023: Know all the promotions on Amazon Mexico
  • ChatGPT gets paid version with subscription model
  • When is the HOT SALE 2023 in Mexico?

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?