Post
Topic
Board India
Re: Have authorities requested data on users from Indian exchanges?
by
bitdragon84
on 23/09/2017, 16:37:14 UTC
Nothing like this from coinsecure..
We do get enquiries, but always for a single or group of users, where something has really gone bad, Our lawyer verifies and drafts responses and sends us data dump requests. We have never divulged blanket information, however, under duress and court stress, we are aware that blanket requests are possible.

The source does look like a guess or word of mouth or bad rumour or something. I would disregard it unless there was a legitimate alarm about the same.

In case of a blanket request, would users also be informed of what data has exactly been requested/ submitted?

Will clarify with legal and revert.
If am not wrong, during mass investigations, authorities do request non disclosure in some cases.


Thanks Benson. It is good to know Coinsecure has an ethical position.

I read on Sandeep Goenka's reddit AMA in 2016 where he said he will disclose all information when requested. This bothers me about Zebpay - also that they keep all user transactions on a ledger. I think the primary fear is Bitcoin users, being early adopters will become victims of a witchhunt. I am pretty certain that dealing on KYC exchanges is not the preferred route of money launderers and criminals - it may be LocalBitcoins, if at all - but knowing how this government works - they can make scapegoats out of regular users.