Coinbase Is Selling Data on Crypto and 'Geotracking' to ICE
— Coinbase ’, Currencies, Deal entails, Made, “ investigate illicit activities including money laundering, Allow ice, Provided, Ability, Trace transactions within, Also used — 1 min read
U.S. Immigrations and Customs Enforcement has signed a contract with the analytics arm of the cryptocurrency exchange. The deal was originally signed September 2021, but the contract was only now obtained by watchdog group Tech Inquiry. It will allow ICE access to a variety of features and data caches, including “historical geo tracking data” and “screen risky crypto transactions to ensure regulatory compliance” The contract was made for a maximum amount of $1.37 million, and we knew at the time that this was a three year contract for Coinbase’s analytic software. This is not the first time the company has made a deal with government agencies, but it has since sold the license to the Secret Service for under $50,000. Source