THELOGICALINDIAN - The Nasdaqlisted cryptocurrency barter Coinbase has insisted that it does not advertise proprietary chump abstracts afterwards letters alike that its Tracer artefact is accouterment actual geo tracking abstracts to the US Immigrations and Customs Enforcement ICE
Coinbase Responds to Reports of It Selling Customer Data to U.S. Government
Cryptocurrency barter Coinbase came beneath blaze aftermost anniversary back letters alike accusing the Nasdaq-listed aggregation of affairs chump abstracts to the U.S. government.
Coinbase Tracer, the analytics arm of the cryptocurrency exchange, has active a arrangement with U.S. Immigrations and Customs Enforcement (ICE) that would acquiesce the government bureau admission to a array of data, including “historical geo tracking data,” according to a contract acquired by babysitter accumulation Tech Inquiry.
However, Coinbase antiseptic on Twitter Thursday: “We appetite to accomplish this abundantly clear: Coinbase does not advertise proprietary chump data.”
“Our Coinbase Tracer accoutrement are advised to abutment acquiescence and advice investigate banking crimes like money bed-making and agitator financing. Coinbase Tracer sources its advice from accessible sources, and does not accomplish use of Coinbase user data. Ever,” the barter added tweeted.
However, abounding bodies on Twitter do not accept that Coinbase is not affairs any chump abstracts to the U.S. government, acquainted that the aggregation accurately uses the chat “proprietary” to call the abstracts it is not selling.
Coinbase awash a distinct analytics software authorization to ICE for $29,000 in August aftermost year, followed by a software acquirement potentially account $1.36 actor the abutting month.
The abounding abstracts of the arrangement alike this anniversary via a Freedom of Information Act appeal by Tech Inquiry. The adventure was initially reported on Wednesday by The Intercept.
The abnegation on the Coinbase website reiterates what the aggregation tweeted Friday, stating: “Coinbase Tracer sources its advice from accessible sources and does not accomplish use of Coinbase user data.”
Do you anticipate Coinbase is affairs chump abstracts to the U.S. government? Let us apperceive in the comments area below.
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