YOUR KEYS, THEIR DATA
Crypto gives you control over your assets.
But a centralized exchange can still hold the information connecting those assets to your identity.
Reuters reports that Binance provided Russian authorities with a customer's personal data and transaction history, which was later used in a criminal case. Binance says it responds to lawful requests.
That's the uncomfortable trade-off:
You can control your crypto without controlling the records surrounding it.
This is why privacy needs to start with data minimization.
#Liberdus takes that approach to communication: accounts can be created without a phone number, email or other personal identifier.
Control your assets.
Control your identity too.
#DollarHits3MonthLow 👍
Crypto gives you control over your assets.
But a centralized exchange can still hold the information connecting those assets to your identity.
Reuters reports that Binance provided Russian authorities with a customer's personal data and transaction history, which was later used in a criminal case. Binance says it responds to lawful requests.
That's the uncomfortable trade-off:
You can control your crypto without controlling the records surrounding it.
This is why privacy needs to start with data minimization.
#Liberdus takes that approach to communication: accounts can be created without a phone number, email or other personal identifier.
Control your assets.
Control your identity too.
#DollarHits3MonthLow 👍