Can someone explain why this won't result in a renaissance for peer to peer and e2e encrypted chat/forums/social media etc.? When government or industry makes it nearly impossible for consumer needs to be met we inevitably see a grey and black market spring up to meet those needs. My prediction is that if legislation like this becomes widespread we'll see a freely distributed application rise to prominence among a ga…
More likely it will result in crippling the domestic UK tech industry while everyone else in the world ignores it. I really don't see most countries extraditing someone for the high crime of "let british users access a website without verifying their age".
It could also be the reverse (see authoritarian countries), with international players leaving the market and local ones filling the space.