Updated Jan 14, 2021 at 3:55 p.m. UTC
DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’
Federal Magistrate Judge Zia M. Faruqui has learned to stop worrying and love unhosted wallets.
“The horror story of unhosted wallets is fiction, not fact,” wrote the judge in a Jan. 6 memorandum opinion for D.C. District Court. He quoted a Coin Center thinkpiece (also named in Strangelovian fashion) on the downside of over-regulating unhosted wallets, then added his own summation:
“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets.”
Subscribe to,
Subscribe
By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy.