Coinbase sells to the U.S. Immigration and Customs Enforcement a range of features that allow the agency’s Homeland Security Investigations division to track and identify crypto users.
- In August 2021, Coinbase sold a single analytics program license to ICE for $ 29,000.
- followed by a software purchase potentially worth $ 1.36 million next month
A new contract document obtained … shows that ICE now has access to various forensic functions provided by Coinbase Tracer, the company’s intelligence collection tool (formerly known as Coinbase Analytics).
Coinbase Tracer allows customers, both in government and in the private sector, to track transactions through the blockchain
- Tracker (has the) … ability to “investigate illegal activities including money laundering and terrorist financing” and “connect [cryptocurrency] addresses to real entities. “
This is why I insist on suitcases full of cash for my (cough) completely legal activities.