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samedi 19 décembre 2020

Coming ban on using Ledger, Metamask, MEW,... without KYC. How can we resist???

Some of us have seen and stressed lately that one of the first concrete impacts of the G7-backed "regulation on cryptos" will be to forbid us using self-hosted wallets, be it cold storage wallet (Ledger, Trezor,...) or browser-based wallets like MyEtherWallet, Metamask and their equivalents - or to impose us a "KYC" - Kill Your Confidentiality - procedure to be allowed to use them.

France has been the fastest G7 member to implement that war declaration towards crypto-users (see this Dec. 8th article from "The Block": https://www.theblockcrypto.com/post/87001/france-crypto-rules-mandatory-kyc-crypto-to-crypto).

In a way, this can be a huge opportunity to come back to our roots: all autonomous cryptos are essentially economic and social transformation tools, designed to overcome any State prohibition, thanks to their decentralized nature.

But practically, how can we support projects like Metamask or MEW for them to continue offering us a transactions infrastructure that would resist any mandatory KYC, and deeply strengthen Ethereum's privacy features?

submitted by /u/Ijatz
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* This article was originally published here

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