Are services like Lemmy, Mastodon or PeerTube KYC’d in the UK?
Sorry to be a doomer, but if so, then the Fediverse has failed and we should just move on with a decentralized web that uses decentralized backends: Nostr, Odysee/LBRY, etc.
Maybe the threat model of the Fediverse was incomplete. It isn’t just Big Tech who is threat, but also regulation by Big Government.
If you’re running an instance that isn’t courting UK users outside the UK, my reading of the law is that it wouldn’t apply in the first place.