UK No Go Pay Ransomware Money for Public Sector

UK Home Office don announce say dem ban to pay ransom for public sector bodies and key infrastructure operators, like NHS trusts, energy companies and local councils. If person want pay ransom under this ban, dem suppose notify authorities first. Dem set mandatory reporting wey force victims to give preliminary notice within 72 hours and full analysis within 28 days. Public consultation wey happen from January 14 to April 8 get 273 responses (57% from organisations, 39% individuals, 4% others). Like 75% support the ban for public bodies; near half support say make dem extend the ban to all sectors. 63% like the new reporting rules pass the voluntary framework. People agree say make dem punish person if dem no comply but dem still get worry over victim liability and civil vs criminal sanctions. Security Minister Dan Jarvis talk say the measures wan break the ransomware business model and protect important services. Chainalysis data show say ransomware attacks don drop by 35% year by year. These new rules put UK for same level with Australia wey get mandatory reporting and e reflect the ongoing US debates. Crypto traders suppose expect say crypto flows wey get anything illegal go get more scrutiny but the immediate market impact no go heavy.
Neutral
The proposed Ransomware Payments Ban and tightened reporting rules dey increase regulatory scrutiny on crypto flows wey dem dey use for illegal ransomware payments. For short term, traders fit face higher compliance costs and e go reduce transaction anonymity, fit cause small wahala for privacy-focused tokens. For long term, stronger regulation fit make market trust better by stopping illegal activity without directly affecting main crypto assets. Overall, dem expect say impact on cryptocurrency prices go be neutral.