According to CoinMeta, the UK’s Her Majesty’s Revenue and Customs (HMRC) intends to expand its authority to investigate crypto asset information, allowing tax authorities to directly request customer data from crypto asset service providers and update inspection rules. recap warns that the proposed regulations have a broad definition of service providers, covering non-hosted wallet software, blockchain browsers, hardware wallet manufacturers, and tax software providers. The association between investors’ names, addresses, and tax identities with on-chain wallet addresses increases the risks of data breaches, extortion, and personal attacks.