The Electronic Frontier Foundation, or EFF, is calling out Coinbase for its lack of transparency. At the same time, the group pointed to Coinbase’s rival exchange, Kraken, as an example of responsible behavior. The EFF was founded in 1990 with the goal of promoting internet civil liberties. In today’s post, the EFF said that it has growing concerns about payment processors being forced to turn over user information to the law enforcement, while the public has no mechanisms available to audit those requests:
It observers that financial data is some of the most private personal information. They say that the way exchanges choose to comply with the governmental requests for such data may have a deep impact on users, noting that crypto users especially value privacy:
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