The data will only be collected if users use Infura, the default Remote Procedure Call (RPC) application provided by MetaMask, according to ConsenSys.
Infura is a developer of blockchain tools and APIs that Consensys acquired in October 2019.
A software communication mechanism known as RPC enables Web3 apps to communicate with blockchains remotely.
Instead, the other RPC provider’s terms will be applied to them.
User Information Can Be Provided To Affiliates, Law Enforcement
ConsenSys further stated that the information obtained may be provided to affiliates, during business transactions or to satisfy law enforcement-mandated Know Your Customer and Anti-Money Laundering regulations.
With more than 21 million monthly active users, MetaMask is presently one of the most popular self-custody wallets available.
Reacting to the announcement, Adam Cochran, partner at Cinneamhain Ventures, stated, “There is nothing more important than consumer privacy, especially when it comes to your financial data — you have a right to be anonymous. Metamask has provided a great free service for a long time, but their decision to log IPs and tie it to transactions is unacceptable.”
Hayden Adams, inventor of the Uniswap protocol outlined that neither the decentralized exchange nor any third-party tools on the network are able to trace IP addresses.
Image and article originally from www.benzinga.com. Read the original article here.