Crypto Twitter’s Misdirected Furor Didn’t Fix the Travel Rule

Posted on by American Coins & Gold

Crypto Twitter’s Misdirected Furor Didn’t Fix the Travel Rule
Hardware wallet maker Trezor announced last Thursday it had adopted software that makes it easier for Switzerland residents to withdraw crypto from a regulated exchange to their own wallet – then reversed course a day later. So WTF happened?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 (AOPP) was legitimizing wallet verification and facilitating creeping regulatory overreach, signaling a decay of the crypto community’s freedom.But if you’ve ever had to transact with a Swiss crypto exchange, you probably breathed a sigh of relief upon…