Breaking Privacy, Inviting Risk: BPUK's Commentary on the Cryptoasset Reporting Framework

In this episode we present an audio version of the full text of Bitcoin Policy UK’s response to HM Government’s consultation on the Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025, drafted by Freddie New, Chief Policy Officer at Bitcoin Policy UK.This in-depth commentary sets out our concerns with the implementation of the OECD’s Cryptoasset Reporting Framework (CARF), highlighting critical issues around:The overreach of reporting obligations onto software developers and self-custody toolsLegal implications of classifying open-source code as regulated entitiesThe real and growing risks to personal safety posed by mandatory wallet tracking and personal data collectionThe human rights dimension—why current proposals may breach Article 8 of the European Convention on Human Rights📝 Read the full written version here:BPUK Commentary on CARF reporting framework🔔 Follow BPUK Visit bitcoinpolicy.uk for more insights, briefings, and research on Bitcoin policy in the UK.