• Coinbase IRS contract
    Brian Armstrong didn't think deals with the Secret Service and IRS were "particularly newsworthy." Readers disagreed. (Photo: Techcrunch)
    Cryptocurrencies,  Regulation

    First the feds, now the taxman: Coinbase inks $125K deal with IRS

    The latest contract has the potential to alienate Coinbase’s exchange users—as some are concerned data about their transactions could be passed on to government agencies

    July 17, 2020 /

    Fresh from infuriating some customers after offering blockchain analytics software to the U.S. Secret Service, Coinbase has inked an even more lucrative deal… with the taxman. Records uploaded to a government website show the crypto company signed a contract with the Internal Revenue Service on July 14 that’s worth at least $125,000.

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  • Coinbase CEO Brian Armstrong didn't think selling analytical software to the Secret Service would cause any waves... (Photo: Steve Jennings/Techcrunch)
    Bitcoin,  Technology

    Coinbase defends $183K contract with the U.S. Secret Service

    ‘I don’t think it’s particularly newsworthy,’ tweets a dismissive Brian Armstrong

    July 13, 2020 /

    Some of the exchange’s users have expressed concerns about how their data is being used, but Armstrong has shrugged off this criticism, writing: “Whether Coinbase sells blockchain analytics software or not, transactions on public blockchains are still traceable by any number of people out there.”

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