The FATFNews 'travel rule' is ineffective, intrusive – and inescapable, at least for Swiss exchange users. None of that changed when Trezor scrapped a software integration that would have eased compliance. Opinion by leah_cb.
Within moments of the first story breaking, a Crypto Twitter storm-in-a-teacup was brewing. Some argued that Trezor’s decision to adopt the Address Ownership Proof Protocol was legitimizing wallet verification and facilitating creeping regulatory overreach, signaling a decay of the crypto community’s freedom.
Leah Callon-Butler, a CoinDesk columnist, is the Director of Emfarsis, a consulting firm based in Southeast Asia. The views expressed here are her own. This manual process is clunky and annoying. The screenshot option is also a security attack vector; what crypto user wants to associate their phone number with their wallet address?!
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