According to a revised privacy agreement published by ConsenSys on November 23, MetaMask will collect users' IP and Ethereum wallet addresses in on-chain transactions.
However, ConsenSys, the developer behind the wallet, says users' data would only be collected if they used MetaMask's default remote procedure call (RPC) application called Infura. Therefore, people using their own Ethereum node or a third-party RPC provider with MetaMask are not subject to the new ConsenSys privacy policy. Instead, the terms of the respective RPC provider apply.
According to ConsenSys, this collected information may be shared with affiliated companies in order to complete business transactions or to comply with identity verification and anti-money laundering requirements imposed by law enforcement authorities. MetaMask is currently one of the most popular self-custody wallets on the market with over 21 million monthly active users.
The reactions of the crypto community were mostly negative. As Adam Cochran, Partner at Cinneamhain Ventures explained :
"There is nothing more important than protecting the privacy of consumers, especially when it comes to their financial data. One has a right to anonymity. Metamask has long offered a great free service, but the decision to log IPs and link them to transactions , is unacceptable."
At the same time , Hayden Adams, inventor of the Uniswap protocol, responded to inquiries that the decentralized exchange does not track IPs, nor do third-party tools on the platform allow such activities. ConsenSys has thus followed the example of well-known Web3 companies such as Coinbase, which are also recording IPs due to the increasingly strict regulations.
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