Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets

04/21 11:11

According to Cointelegraph, Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it’s highly unlikely that governments around the world would manage to ban the use of noncustodial wallets one day. “It’s very improbable that all the countries would ban noncustodial wallets, or any other aspect of Bitcoin’s peer-to-peer network for that matter,” the CFO said. Uherik said that potential efforts to ban noncustodial wallets would likely be similar to certain countries banning things like cryptography or torrents in the past. “The adoption of these technologies continued unabated. In some sense, governments' attempts at banning certain technology are good marketing for said technology,” he noted.
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