Nevermind Coinbase — Big Brother Is Already Watching Your Coins by kiraxoy

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Nevermind Coinbase — Big Brother Is Already Watching Your Coins
<center><img src="https://cointelegraph.com/assets/img/share.png" alt="Shared From DLIKE" /></center><br><p>On June 5, cryptocurrency exchange Coinbase <a href="https://news.bitcoin.com/66-of-coinbase-users-willing-to-leave-the-exchange-due-to-mounting-privacy-concerns/">came under fire</a> for its alleged efforts to sell crypto surveillance services to both the U.S. Drug Enforcement Administration and the Internal Revenue Service.</p><p>In the days since, Coinbase representatives have made it clear that the company's analytics services do not share any personally identifiable data with law enforcement. They claim to source all data from publicly available information.</p><h2>Big brother has been keeping tabs for nearly a decade</h2><p>Though Coinbase's denial may contain a grain of truth, a source who has worked in compliance for crypto exchanges and Bitcoin ATM companies revealed to Cointelegraph that multiple government entities have been actively monitoring users across nearly every centralized exchange and custodial crypto service provider for years.</p><p>Speaking on the condition of anonymity, this source indicated that crypto surveillance tactics go all the way back to Bitcoin's earliest days. They said these practices became a much broader effort after the much maligned <a href="https://www.courtlistener.com/docket/4389854/mtgox-co-ltd/">Mt. Gox incident</a>, in which <a href="https://cointelegraph.com/news/the-mess-that-was-mt-gox-four-years-on">850,000 BTC went missing</a> on the once-popular crypto exchange in late 2013.</p><p>Our source explained:</p><blockquote><p>"I've worked for crypto exchanges, bitcoin ATM companies, general crypto services providers, and more. They all engage in surveillance practices. They have no choice."</p></blockquote><br><center><br><a href="https://dlike.io/post/@kiraxoy/nevermind-coinbase--big-brother-is-already-watching-your-coins">Shared On DLIKE</a><hr><br><a href="https://dlike.io/"><img src="https://dlike.io/images/dlike-logo.jpg"></a></center>
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