Coinbase Is Selling Data on Crypto and 'Geotracking' to ICE

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Coinbase Is Selling Data on Crypto and 'Geotracking' to ICE
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A contract between the two organizations reveal what services the Immigration and Customs Enforcement agency may get from Coinbase.

, is for governments, crypto businesses, and financial institutions. It allows these clients the ability to trace transactions within the blockchain. It is also used to “investigate illicit activities including money laundering and terrorist financing” and “screen risky crypto transactions to ensure regulatory compliance.”

The deal was originally signed September 2021, but the contract was only now obtained by watchdog group. The deal was made for a maximum amount of $1.37 million, and we knew at the time that this was a three year contract for Coinbase’s analytic software. The now revealed contract allows us to look more into what this deal entails.This deal will allow ICE to track transactions made through twelve different currencies, including Ethereum, Tether, and Bitcoin.

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