HMRC wants more power over financial data. The problem is that Bitcoin is not a bank account.
Once names, home addresses and tax IDs are linked to a Bitcoin address, that information can stay connected to a public ledger indefinitely.
Europe is already seeing the consequences when crypto holders’ identities and holdings are exposed.
France saw 19 verified physical attacks on crypto holders in 2025. A French tax official was charged after using government software to look up crypto investors' details and passing data to criminals.
I spoke to HM Revenue & Customs, Recap, BULL BITCOIN and Knightbridge Tax about what the UK and EU rules could mean for privacy, self-custody and physical security.
Tax enforcement should not create a target list.
My latest for Forbes.
https://www.forbes.com/sites/digital-assets/2026/10/08/hmrcs-proposed-crypto-powers-could-increase-physical-security-risks/
Susie / Susie Violet Ward
npub1hw…503sg
2026-10-08 07:45:36 UTC
Author Public Key
npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sgSeen on
wss://nos.lolPublished at
2026-10-08 07:45:36 UTCEvent JSON
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"content": "HMRC wants more power over financial data. The problem is that Bitcoin is not a bank account.\n\nOnce names, home addresses and tax IDs are linked to a Bitcoin address, that information can stay connected to a public ledger indefinitely.\n\nEurope is already seeing the consequences when crypto holders’ identities and holdings are exposed.\n\nFrance saw 19 verified physical attacks on crypto holders in 2025. A French tax official was charged after using government software to look up crypto investors' details and passing data to criminals.\n\nI spoke to HM Revenue \u0026 Customs, Recap, BULL BITCOIN and Knightbridge Tax about what the UK and EU rules could mean for privacy, self-custody and physical security.\n\nTax enforcement should not create a target list.\n\nMy latest for Forbes.\n\nhttps://www.forbes.com/sites/digital-assets/2026/10/08/hmrcs-proposed-crypto-powers-could-increase-physical-security-risks/",
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