Consensys Upgrades Privacy Policy for MetaMask: Enhances User Consent, Transparency & Control
Summary:
Consensys, responsible for MetaMask, has amended its privacy policy to enhance user consent, transparency, and personal data control. The changes apply to all Consensys' services, broadening its scope to include MetaMask Institutional, Developer, Linea, Teku, Besu, and Phosphor. It also introduces new opt-out options and recommends VPN use for further privacy. MetaMask has also rolled out new features, including personalized wallet configuration options and advanced security alerts. The firm further clarified it does not collect, sell or retain personal information unless necessary.
Consensys, the team behind MetaMask, has modified its privacy policy to enhance user consent, clearness, and authority over personal data. A press statement shared with Cointelegraph declares the modifications are specifically designed to ensure strenuous privacy and security protocols for users engaging with Consensys' services, including MetaMask. "Our mission as a blockchain software company is to streamline Web3 utilization, access, and development for communities. To achieve this, privacy is paramount."
Several noteworthy alterations have been made to the privacy policy of Consensys. This includes increasing transparency in IP address processing, broadening its range, and refining control over user data. "We occasionally process your IP address (subject to your MetaMask configurations) for specific services, aiming to provide a superior experience to MetaMask users. This aids in, for instance, the prevention of DDoS attacks."
The updated privacy notice now embraces MetaMask Institutional, MetaMask Developer, Linea, Teku, Besu, and Phosphor, and incorporates new opt-out capabilities for privacy-focused users. To limit the gathering of device and usage data further, users can resort to employing Virtual Private Networks (VPNs).
In correlation to the services by Consensys, MetaMask is also offering novel privacy elements and user control features. These allow users to personalize their wallets in line with their privacy choices. Expanded functionalities include the ability to toggle security alerts on/off, auto-detection of tokens and non-fungible tokens (NFTs), and enhanced remote procedure call (RPC) setup.
The latter also sheds light on the usage of "MetaMask user information" in a comprehensive summary via the privacy notice. Consensys elucidated various practices, including not collecting private keys, not selling personal information, not retaining Personal Information unless essential to provide services, and not gathering financial payment or banking information. The firm also announced the removal of Codefi and Quorum from the privacy notice's periphery.
Published At
6/18/2024 3:00:00 PM
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