Recently, after amending the privacy policy of decentralized exchange (DEX) Uniswap, it seems that some users are unhappy with the service.

These people are concerned that the practice of collecting and storing user data violates the basic ideas behind cryptocurrencies.

A few members of the crypto community in recent days have responded to a blog post written in November and posted on the website announcing an updated privacy policy for the platform.

In their comments, they mentioned that it is rare for a decentralized company to obtain and maintain information about its users.

The privacy policy, which was recently updated on November 17, reveals that the cryptocurrency exchange collects data from publicly available blockchain networks, information about user devices such as browser information and operating systems, and information about users’ interactions with exchange service providers, among other types of information. .

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In addition, it told Uniswap that none of this information includes personally identifiable details such as first or last name, street address, date of birth, email address or IP address.

Uniswap confirmed that it does not require the above information.

Despite this, some members of the cryptocurrency community have expressed concerns that the developments run counter to the industry’s core principles, which center around protecting users’ privacy and anonymity.

These community members expressed their concerns in many different ways.

The programmers behind privacy-protecting cryptocurrency Firo tweeted to their 83,700 followers that Uniswap’s latest privacy upgrade sets a dangerous precedent for decentralized exchanges.

OwenP, a subsidiary of decentralized exchange SpookySwap, stated that it is unusual for a decentralized exchange to collect and maintain usage information on the platform’s backend.

OwenP’s statement was made in response to a question about why the decentralized exchange platform would do such a thing.

As a result of the recent shutdown of the FTX trading platform at the beginning of this month, the term transparency has gained more traction in the industry.

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