From 1 January, #UK #cryptocurrency users must share #accountdetails with #HMRC or face penalties. This aims to ensure #taxcompliance, particularly #capitalgainstax, and is part of a broader effort to regulate the industry, including measures to prevent #insidertrading. https://www.bbc.com/news/articles/ckgl2je65klo?eicker.news #tech #media #news
Crypto users forced to share account details with tax officials

The move is designed to ensure people pay all relevant tax on buying and selling crypto.

A form captures the customer's Name and Gender, and other details.

On the form, Gender is required, but "Prefer not to say" is an answer choice.

If there's a business strategy for "Prefer not to say" accounts, is Gender even necessary data?

If Gender were an optional question, and many customers left it blank, what attitudes and needs might a bit of user research uncover about #gender, #privacy, and #trust?

#UR #UserResearch #UX #form #DataEntry #AccountDetails #CustomerRecords #GDPR #data