Noncustodial Bitcoin wallets unbannable, says exec behind Trez | Crypto World Analysis

Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets

As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets.

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. Such a ban would be easy to enact, but it would cover only a portion of noncustodial wallets and would likely motivate users to look beyond the popular app stores.

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