Main Takeaway: Crypto Privacy Under Attack
Ethereum node provider Infura and blockchain wallet gateway MetaMask have updated their data policies to track user IP addresses and wallet addresses when making transactions. This is a setback for DeFi and crypto privacy in general. This action is another big event, similar to CBDCs, that will hamper the development of digital assets. However, it’s a reminder of crypto and DeFi’s initial purpose, which is to be a decentralized, P2P, and semi-anonymous financial system, similar to cash, that can improve on the transparency issues from TradFi and poorly run CeFi institutions.