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Portal Non-Custodial Platform Protects Users from Global Authorities -Breaking

by Mike Robinson

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© Reuters. Global Authorities are protected by the Portal Non-Custodial Platform
  • Portal allows fast transactions with seamless security while keeping your data safe.
  • Kraken CEO states centralized/regulated custodian cannot protect users from authorities.
  • Portal is an open, non-custodial platform.

Portal, a non-custodial and decentralized platform Portal leads the charge in allowing all users to transact freely in the blockchain without any censorship. This platform allows cross-chain contract execution to layer 2 and 3. It allows for seamless and fast transactions, while still maintaining strong security with Bitcoin and other cryptoassets.

Furthermore, the platform’s non-custodial and decentralized technology makes it resistant to the possible regulations imposed by global institutions. Canadian authorities issued a temporary law during the Freedom Convoy Protests, which extended to freezing truckers’ bank accounts.

Vitalik Buterin was the founder

If the truckers are blocking the roads and that’s breaking the economy, fine, blocking the roads is illegal,” explained Buterin, at a recent industry conference. “But if the government is not willing to follow the laws…and they just want to talk to the banks and basically cut out people’s financial livelihoods without due process, that is an example of the sort of thing that decentralized technology is there to make more difficult.

The truckers then turn their assets into cryptocurrency, which is not subject to regulation by the banks or other financial institutions of the country. Some analysts believe the authorities will soon pass legislation that will require even central crypto exchanges comply.

This made Jesse Powell—CEO and cofounder of Kraken react in a tweet stating that even centralized exchanges could not protect their users from the regulations set by the authorities globally.

It is 100% certain that it will happen. 100% also, we’ll be required to follow the law. If you’re worried about it, don’t keep your funds with any centralized/regulated custodian. Your safety is not our concern. You can trade only p2p if you get your cash/coins out.

Portal and other non-custodial decentralized platforms can take in this part. This is a great option for those who want to transact and store crypto assets decentralized.

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