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The U.S. Government, currently in a legal battle against Microsoft, wants the latter to turn over a customer’s emails stored overseas that is suspected to be linked to a case of narco-trafficking. While the software editor denounces a flagrant infringement of privacy rights, the U.S. Government took refuge behind the argument that although the offending mail is located abroad, it is under the control of an American company and thus U.S. laws.
A victory for the United States Government could have serious repercussions for the Bitcoin industry where large amount of private keys (and thus of bitcoins) remain stored online, through hosted wallet providers.
Read more here http://www.cryptocoinsnews.com/bitcoin-implication-usa-claims-rightful-access-data-stored-abroad/ A victory for the United States Government could have serious repercussions for the Bitcoin industry where large amount of private keys (and thus of bitcoins) remain stored online, through hosted wallet providers.