The whole point in being in crypto is to NOT use existing banking systems. Banks report (actively or passively) to Governments and spy agencies.

Further, digital information can be and is shared from UK to Europe, USA etc. Forget token privacy laws!

This means more tax of citizens (stealing their money) and
unauthorised use thereof eg making war.

This means surveillance of a persons every transaction......

Of course, most blockchain transactions are public; There are some however, that are more private as in Monero, PIVIX, Verge etc.

Sure give your KYC data to Cryptov8 and the FCA.... but understand the impications......

We need to be able to exchange CASH for crypto without any Government taxation or tracking.