Coinbase Called Out on Twitter for Working with IRS and DEA

Coinbase Called Out on Twitter for Working with IRS and DEA
фото показано с : beincrypto.com

2020-6-8 09:38

A recent Tweet by Samson Mow (@Excellion) suggested that Coinbase isn’t a safe place to store Bitcoin. Specifically, Mow suggested that the company would be the first to comply with a 1933-style confiscation demand by the federal government.

Mow’s comment regarding Coinbase reflects the distinctions between early and late adopters. Early Bitcoin faithful were strong supporters of independence and separation from institutional controls.

Later Bitcoin participants have largely adopted institutional-style systems from exchanges like Coinbase. The most recent news that Coinbase would allow the IRS and DEA to use their blockchain surveillance software has caused an uproar. Mow told BeInCrypto:

Coinbase has consistently been one of the worst actors in this space, either intentionally or through incompetence…now they want to sell their blockchain surveillance software to the DEA and IRS. With many people storing their bitcoin on exchanges like Coinbase, which could have nearly 1 million coins, that puts a lot of bitcoin at risk of confiscation by a 6102-type executive order.

The comments by Mow reflect the deep division that exists in the Bitcoin community. Coinbase has consistently caused public uproar with inopportune service outages and privacy violations.

At the same time, the company continues to consolidate its position as a strong influencer in the space. The recent acquisition of cryptocurrency brokerage Tagomi completed the company’s institutional service platform.

The post Coinbase Called Out on Twitter for Working with IRS and DEA appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Цена в час новости $ 9.7E-6 (250.52%)

mow suggested coinbase company called bitcoin specifically

Источник: beincrypto.com

mow suggested → Результатов: 1


Bitcoin [BTC]: ‘Toxic Culture’ feud grows as Blockstream co-founder blocks Samson Mow on Twitter

Over the past 48 hours, the Bitcoin community has been largely divided due to its contrasting opinions on the prevalent Bitcoin [BTC] culture on social media. A large part of the community had deemed itself “toxic,” in terms of how new people in the community were treated, whereas some suggested that few people simply did […] The post Bitcoin [BTC]: ‘Toxic Culture’ feud grows as Blockstream co-founder blocks Samson Mow on Twitter appeared first on AMBCrypto.

2019-5-28 22:30


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Canadian Tax Agency Asks for Client Details from Major Exchange

The Canadian Revenue Agency (CRA) is asking a judge to order Coinsquare, a Toronto-based crypto exchange, to submit information about all of its clients. Grade Eh Product Just like the IRS in the United States, the CRA is seeking details about clients from major crypto exchanges.

The Changing Face of Coinbase

Coinbase has undergone a radical transformation since opening shop in 2012, but many of the changes aren’t sitting well with its customers. The exchange’s recent reforms have been far-reaching and have been met with a massive exodus of users and market cap.