In 2016, Coinbase presented an argument that the storage of digital information by third -party service providers may damage privacy rights in the document presented to the US Supreme Court on the request of the US Tax Office for the financial data of hundreds of thousands of customers for the financial data of hundreds of thousands of customers. The company argued that the demand for a large -scale examination of data violated the expectations of privacy of American citizens. The basis of the incident lies in large -scale data searches on the data transferred by individuals to third parties.
Coinbase and Tax Office
The US Tax Office made a request on sharing this information, claiming that the transaction records kept in Coinbase within the framework of the policy implemented by President Donald Trump in the first period of Trump. The company was able to narrow the scope of the data required during the legal struggle process. In this process, Coinbase’s documents emphasize the necessity of protecting personal privacy against extensive data demands.
“We argue that the Court should not allow the US Tax Office to scans wide -scale data using the third -party doctrine.” – Coinbase
If you have enough money to cover your legal defense expenses, you can carry every situation against the crypton, such as Coinbase. Coinbase makes serious expenses at this point.
Privacy and third party doctrine
In 2020, Bitcoin researcher James Harper filed a lawsuit against the US Tax Office, claiming that the data requested by the US Tax Office was unnecessarily wide. Harper is also a lawyer and American Enterprise Institute member. The basis of the case includes views that the information given by individuals to third parties is not deprived of the expectation of privacy.
“The user anonymity disappears, the state’s ability to match identity with wallet addresses, provides easy traceability on blockchain.” – Coinbase
“We think that the call sent by the definition of John Doe violates the expectation of more than 14,000 Americans’ expectation of large personal data privacy.” – Coinbase
The Ministry of Justice, representing the government side, argued that the information provided by people to third parties with their consent does not have the expectation of privacy. This approach reveals different opinions about data sharing in the judicial process.
The ongoing legal struggle between the parties has brought to the agenda again about confidentiality and data security issues in the digital environment. In the following process, Coinbase hopes that the court will decide to present narrowed data instead of extensive data requests. This may also guide similar cases for the protection of personal data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
