We're a Crypto Wallet and We Don't Hold Any Personal Data, Here's Why

All of these online movements and all our personal information associated with these movements are completely traceable-collected and stored as data to be monitored and monetized by people we will never meet.

For decades now, legislation surrounding the privacy of personal data has been largely influenced by the interests of corporations, governments, law enforcement agencies, and security services.

Here are the four reasons why our open-sourced cryptocurrency wallet doesn't hold personal data, and what it means for our community.

The EU recently brought into effect their new General Data Protection Regulation, the most radical update to data privacy laws in the past 20 years.

The GDPR applies to any company or website which has users based in the EU.The GDPR is both a bold and overdue move; personal data should always be kept private and protected.

As we don't hold any personal data, we by default do not need to be subject to the GDPR - and we want to keep it this way.

Allegations that the data mining firm, which politically backed Trump during the 2017 election, swayed audiences through illegally obtained data is just one example of its harrowing effects.

Facebook is free because they store our sensitive data in their centralized databases, which is then sold to companies who use this data to minimize their spending on advertising, carefully targeting their customers based on demographics.

If MEW's servers were hacked, for example, the hackers would find no names, addresses, private keys, or any other identifying data of our users.

Passive data collection is so entrenched in the age of e-commerce, to a point where countless lesser known or established companies are storing our highly sensitive private data, leading to extremely damaging consequences when attacked.