According to the privacy policy agreementedited version According to a publication published by ConsenSys on Nov. 23, MetaMask will begin collecting user IP addresses and Ethereum wallet addresses during transactions on the network.
However, ConsenSys, the wallet’s creator, explains that User data collection is available only if they use Infura, MetaMask’s default Remote Procedure Call (RPC) application. Yes, MetaMask is not subject to the updated ConsenSys Privacy Policy. and use the terms of other RPC providers instead.
This collected information may be disclosed to affiliates. During a business deal or to comply with K now Your Customer and anti-money laundering requirements set by law enforcement. MetaMask is currently one of the most popular self-custody wallets on the market. with more than 21 million monthly active users
The reaction within the crypto community has been largely negative, for example Adam Cochran, partner at Cinneamhain Ventures. said : “There is nothing more important than consumer privacy. Especially when it comes to your financial data — you have the right to remain anonymous, and Metamask has been offering excellent free services for a long time. But their decision to record the IP in the transaction is unacceptable.”
Meanwhile, Hayden Adams, creator of the Uniswap protocol. summarizeThat decentralized exchanges don’t track IPs or allow third-party tools on their platforms to do so, but ConsenSys has joined the ranks of well-known Web3 conglomerates like Coinbase, which have kept IP logs due to tighter regulations.
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