MetaMask will start collecting user IP addresses
The popular browser wallet has over 21 million monthly active users.
According to a revised privacy policy agreement released by ConsenSys on November 23, MetaMask will begin collecting user IP addresses and Ethereum wallet addresses during on-chain transactions.
However, ConsenSys, the creator of the wallet, explains that the collection of user data will only apply if they are using MetaMask's default remote procedure call (RPC) application, Infura. People using their own Ethereum node or a third-party RPC provider with MetaMask are therefore not subject to ConsenSys' newly updated privacy policy. Instead, the terms of the other RPC provider apply.
According to ConsenSys, information collected in this manner may be disclosed to affiliates, in business transactions, or to comply with know-your-customer and anti-money laundering requirements dictated by law enforcement agencies. order. MetaMask is currently one of the most popular self-service wallets on the market with over 21 million monthly active users.
Reaction within the crypto community has been mostly negative. For example, Adam Cochran, Partner at Cinneamhain Ventures, said:
"Nothing is more important than consumer privacy, especially when it comes to your financial data: you have the right to be anonymous. Metamask has been providing an excellent free service for a long time, but their decision to log IP addresses and link them to transactions is unacceptable."
Meanwhile, Hayden Adams, inventor of the Uniswap protocol, responded to inquiries by pointing out that the decentralized exchange does not track IP addresses or allow third-party tools on the platform to do so. TO DO. ConsenSys has joined the ranks of notable Web3 companies, such as Coinbase, which have embraced IP harvesting in part due to increasingly stringent regulations.
The popular browser wallet has over 21 million monthly active users.
According to a revised privacy policy agreement released by ConsenSys on November 23, MetaMask will begin collecting user IP addresses and Ethereum wallet addresses during on-chain transactions.
However, ConsenSys, the creator of the wallet, explains that the collection of user data will only apply if they are using MetaMask's default remote procedure call (RPC) application, Infura. People using their own Ethereum node or a third-party RPC provider with MetaMask are therefore not subject to ConsenSys' newly updated privacy policy. Instead, the terms of the other RPC provider apply.
According to ConsenSys, information collected in this manner may be disclosed to affiliates, in business transactions, or to comply with know-your-customer and anti-money laundering requirements dictated by law enforcement agencies. order. MetaMask is currently one of the most popular self-service wallets on the market with over 21 million monthly active users.
Reaction within the crypto community has been mostly negative. For example, Adam Cochran, Partner at Cinneamhain Ventures, said:
"Nothing is more important than consumer privacy, especially when it comes to your financial data: you have the right to be anonymous. Metamask has been providing an excellent free service for a long time, but their decision to log IP addresses and link them to transactions is unacceptable."
Meanwhile, Hayden Adams, inventor of the Uniswap protocol, responded to inquiries by pointing out that the decentralized exchange does not track IP addresses or allow third-party tools on the platform to do so. TO DO. ConsenSys has joined the ranks of notable Web3 companies, such as Coinbase, which have embraced IP harvesting in part due to increasingly stringent regulations.
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