Pages:
Author

Topic: Crypto Wallet's and their compliancy with law enforcement - page 2. (Read 185 times)

hero member
Activity: 3052
Merit: 685
Hello.

My query is very simple. If a law enforcement agency approached a wallet provider such as Coinbase, regarding acquiring information about the account holder, do they comply?
They will because they are regulated, but the regulator would only ask for information from Coinbase if they are looking for a suspected wallet or person that might link with the coinbase. All regulated exchanges are required to comply with the regulatory requirements, basic requirements are KYC as it's necessary for tracing or investigation when fraud or money laundering is committed by a certain person or entity.

I would understand why Coinbase would, but what ones specifically do not? If anyone knows, let me know.

Before someone comments it, hardware wallet's such as Trezor's etc are not an option.

Thanks.

use electrum, it's completely safe based on my experience as long as you don't go to phishing sites to upgrade your wallet and no KYC requirement for using this wallet.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
Avoid custodial wallets like Coinbase.com or Blockchain that can block your funds and ask for KYC. Obviously if law enforcement agencies approached a wallet service like coinbase which has an AML policy, they will readily provide them with your information. Instead you should focus on noncustodial wallets like electrum or Bitcoin core which is a full node.
newbie
Activity: 2
Merit: 0
Hello.

My query is very simple. If a law enforcement agency approached a wallet provider such as Coinbase, regarding acquiring information about the account holder, do they comply? I would understand why Coinbase would, but what ones specifically do not? If anyone knows, let me know.

Before someone comments it, hardware wallet's such as Trezor's etc are not an option.

Thanks.
Pages:
Jump to: