Wikileaks threatens Coinbase after its Shop was blocked by the cryptocurrency platform

Wikipedia threatens Coinbase after its Shop was blocked by the cryptocurrency platform

Coinbase the largest bitcoin exchange in the United States has blocked the account of Wikileaks’ Shop an online e-commerce platform where the firm sells merchandise like branded clothing, accessories, phone cases, stickers, posters, books.

Wikileaks, an International NGO which publishes classified government information, revealed on its Twitter page that Coinbase blocked the shop from its platform without prior notification or explanation.

While disclosing the details about the block, Wikileaks posted a letter it received from Coinbase which indicates that its actions were as a result of the U.S. Financial Crimes Enforcement Network (FinCEN) interference. However, no information concerning the Wikileaks alleged violation was given. Part of the letter read, “Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service.”

SEE ALSO:   Square’s New York BitLicense Gives NY's Cash App Users The Option to Use BTC as Legal Tender 

The whistleblowing organization took its Twitter handle to threaten that it would call for a global blockade of Coinbase citing that the exchange is not suited for the disruptive nature of the cryptocurrency industry. Andreas M. Antonopoulos a Bitcoin, an open source blockchain technology, Cybersecurity and entrepreneur, showed his displeasure on Twitter concerning the issue, he noted that “while I’m disappointed with Coinbase shutting access to Wikileaks, I’m not hating them or proposing any boycott.”

The suspension of Wikileaks shop by Coinbase has caused some sort of ripple on the bitcoin community, cryptocurrency enthusiast has taken to social media to air their views. Some sections believe this is only inevitable as cryptocurrency becomes more mainstream. 

Despite the Coinbase block, Wikileaks would still accept payment in bitcoin but the organization would still need to handle its accounts directly which might prove a challenge especially when converting bitcoin to physical cash.

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   June 19 Price Analysis For EOS, TRON (TRX), and Litecoin (LTC): The Bear Wave Continues

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!