Main navigation

Crypto Users' Private Keys Now Protected by Law, But There's a Catch

Thu, 02/16/2023 - 13:02
article image
Yuri Molchan
Wyoming legislators have passed bill that protects right of every person to keep their private keys undisclosed, except for one case
Crypto Users' Private Keys Now Protected by Law, But There's a Catch
Cover image via
Read U.TODAY on
Google News

Chinese crypto journalist and blogger Colin Wu has reported that a bill has been passed in the U.S. State of Wyoming about crypto private keys that protect their owners from disclosing them on demand from authorities or in court.

According to the document, no user will be driven to unveil their private keys related to digital assets held by them or allow a court to gain access to their digital identity. They cannot be forced to produce their private key even under "any civil, criminal, administrative, legal or other proceedings."

However, the document states that no individual is required to allow access to their private key "unless a public key is unavailable," or unless this private key cannot provide the information required.

Shiba Inu (SHIB) Lead Dev: 50 Projects Backed off From Shibarium After This

The document also says that despite the first section, the law will not protect a user from any legal procedures that require producing, selling, transferring or disclosing a digital asset they own.

The bill will come into force if it is signed by the Wyoming governor.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at