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Comment by jonpaul

I'm the CEO of Exodus (https://www.exodus.io - mentioned in the article). In many regions, we're currently more popular than the bible: https://www.google.com/search?q=exodus

Exodus is a non-custodial self-hosted wallet. This means that you have access to the funds and only you have access. We don't have access nor do we see your activity.

Betteridge's law of headlines applies here... i.e. no, the government is not banning crypto wallets.

I'm biased, but this regulation will be worse for exchanges. Each customer will likely have to take onerous actions to withdrawal their funds. This will further bifurcate centralized custodial exchanges and non-custodial decentralized products like wallets and DeFi.

parent jonpaul 6 years ago

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