Last month, France nearly banned encryption. A law requiring messaging apps to implement a backdoor for police access to private messages was passed by the Senate. Luckily, it was shot down by the National Assembly. Yet 3 days ago the Paris Police Prefect advocated for it again. The members of the National Assembly were wise to reject a law that would have made France the first country in the world to strip its citizens of their right to privacy. Even countries that many Europeans view as lacking in freedoms have never banned encryption. Why?

The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. The solution is clear: blockchain-based projects should go back to their roots – decentralization. Cryptocurrency users should switch to trustless transactions and self-hosted wallets.