Digital Rights Group Tackles Centralized Exchanges for Releasing Users Data

News • 2020/09/03 • by Remitano

The Electronic Frontier Foundation, an international digital user rights group based in California exposes Coinbase for its deficit transparency while comparing it to its rival, Kraken. The EFF reported on September 3rd that it is worried about payments processors being compelled to release user's information to law enforcement.

Observation shows that most private personal information requested by law enforcement is financial data. It should be put into consideration that crypto holders value privacy, and it would therefore affect the users deeply if centralized exchanges choose to accept the government's request for private information.

Coinbase was challenged by EFF to begin publicizing transparency reports, so people can know the amount of information requested by the Government and how the exchange tackles them. The article referred to Kraken, a rival of Coinbase, as a good example. EFF stated that Kraken behaves responsibly by being transparent on this issue, and it publicizes every information request it gets.

The EFF continues to persuade Coinbase to use its influence in the crypto-community to fight for its users' rights and set a good example for other exchanges.

Source: Cointelegraph

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