Why fight it? It's totally unenforceable. It's pretty funny that they even think this - it demonstrates complete ignorance of how crypto works. You could write down a wallet seed, or you could just encrypt your keys and store them on the cloud. Or even just your email.
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I agree makes them look so bad...it's even funny. This proves how Technology is ahead of laws
Government will be outdated in our lifetimes. Code is Law now.
How will they even be able to enforce this, its pretty darn stupid 🤣
They can't. Code is Law now.