Bitcoin, AOPP and The Swiss Travel Rule

A true fuss started on Twitter on Thursday as news surfaced that Trezor, a popular maker of Bitcoin hardware wallets, had integrated Address Ownership Proof Protocol (AOPP) to streamline the process of address verification for users withdrawing bitcoin from regulated exchanges, a requirement in some jurisdictions, CoinDesk first reported.

Trezor released a statement on Twitter soon after the Bitcoin community started raising questions in regards to the initiative.

“Not supporting AOPP will lead to helping the government fence people on exchanges, and our motivation to add direct support was exactly to keep the government from doing so,” Trezor said.