Well well... It seems it is not just the US Govt/CIA/NSA playing tricksies on its citizens when it comes to privacy and electronic monitoring. UK officials bring up valid reasons (pfft) for wanting such encryptions keys to be reported to the govt. I'm curious to know which agencies will have access to the database of keys, and will there be procedures to protect innocent citizen's data private data from being mishandled (or in the case of corporations - stolen. See Corporate Espionage).