Coinbase Strikes Another Million Dollar Deal With the U.S. Government By CoinQuora
- Coinbase (NASDAQ:) closed a $1.36 million deal with the US Homeland Security.
- Coinbase Analytics software will be used for classified purposes by the US Government.
- Coinbase representatives confirm that customers data is handled differently by the analytics software.
Coinbase and United States Department of Homeland Security reached a multi-million dollar deal. As per the deal, the U.S government will now use Coinbase’s services to review data from American residents.
The United States Department of Homeland Security spent $1.36million in licensing fees to Coinbase Analytics software. This was to combat illegal immigration and cross-border criminality.
The official documents don’t give any indication of the type of data that Coinbase may be reviewing. Due to the covert nature of the ICE’s connection with Coinbase, data from the SAM.gov database assures that Coinbase “is the only vendor who can fairly offer the services requested” by the ICE (NYSE:). This document suggests that very little information will ever be made public.
The History of Coinbase and the US Government
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.