I found in privacy policy of one particular exchange that it transfers data about me to credit organizations. Actually the same is true for banks.
In what cases do they do this thing? If I make big enough trade volume at exchange, say $50,000 for year, is this information transferred as well? I suppose it happens only if you do margin trading or something... don't know much about it, except that you take loans from brokers...
Yeah I realize $50k is not big for you
Passing information to credit agencies is a regulatory and licensing requirement for majority of the crypto exchanges! In a regulated environment, every financial information goes to credit agencies. I say agencies, because there's usually more than two credit agencies available in every developed or developing nation!
It requires to asses the netwoth as well as credit worthiness of an individual. Every transaction you make, is passed to the regulators as well as to the credit agencies! That's the downside of a centralized economy! We all are dealing with such nonsense!