Major cryptocurrency exchange signs $1.4 million deal to help ICE track crypto trades

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Coinbase says its tools only source publicly available data, but some users aren't convinced.

indicates that ICE has licensed access to multiple analytical and tracking tools for 12 currencies, including Bitcoin and Ethereum, as well as relevant training sessions. Quoted services include:Transaction demixing and shielded transaction analysisIt sounds comprehensive to say the least, and according to The Intercept, a Freedom of Information Act request indicated that ICE was not required to sign an EULA that put limits on what it can do with the tools.

saying that information provided by Coinbase Tracer services comes"from public sources and does not make use of Coinbase user data." Coinbase reiterated that message, with emphasis, on Twitter: "Our Coinbase Tracer tools are designed to support compliance and help investigate financial crimes like money laundering and terrorist financing. Coinbase Tracer sources its information from public sources, and does not make use of Coinbase user data. Ever."

"The devil is in the details," one respondent wrote."If you can't just say 'we're not tracking you' then there is a big problem here."

 

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Turns out, crypto was a surveillance state plot to entrap all the folks that they missed when they busted pirate bay.

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