It may be worth noting that even if you do register, you can prevent your e-reader from transmitting reading statistics by modifying the hosts file on the device. When you enable Wi-Fi it will try to send statistics, but it won't be able to find the analytics servers, so transmission will always fail. This is a decent approach to preserving your privacy while still being able to buy books from Kobo, if you don't want to use sideload mode on a newer firmware version.
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