The San Francisco-based digital rights advocacy group Electronic Frontier Foundation (EFF) has asked the major digital currency exchange Coinbase to issue transparency reports regarding government or authorities’ requests for user data. EFF said on Wednesday that it should start releasing transparency reports on a daily basis.
EFF Calls on Coinbase for transparency
Calling on the exchange for greater transparency in a blog post that published on September 2, the non-profit digital rights advocacy group said that the United States-based cryptocurrency exchange has to provide details in the transparency reports regarding the government or law enforcement authorities’ requests for information that the major exchange receives and also how these requests are dealt by the company.
Explaining the reason why they have called on the Coinbase exchange for transparency, Hayley Tsukayama a legislative activist said, “EFF has become increasingly concerned that payment processors are being asked to turn over information on their customers, without any mechanism for the public to know who is making those requests, or how often. That’s why we are calling on Coinbase.”
Adding more to it, Tsukayama said that transparency reports will play a significant role by giving details regarding the surveillance activities of government or law enforcement authorities. Tsukayama stated:
“In providing the public with data on how often law enforcement seek user data and how often services comply, transparency reports show whether companies are living up to their promises to protect user privacy. They also serve an important secondary role by providing details on government surveillance activities.”
The Electronic Frontier Foundation (EFF) believes that transparency reports will help the Coinbase exchange to be more transparent in handing the governments’ requests. Furthermore, the EFF digital rights advocacy group said that digital currency exchanges really need to understand the significance of privacy.
It seemed that the advocacy group indirectly referred to the Coinbase Analytics software of the exchange which is used by various law enforcement agencies.
On the other hand, the rival cryptocurrency exchange of Coinbase “Kraken” was praised as it has shown a great attitude towards the handling of government requests that it receives.
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