Jan 172017
 January 17, 2017  Posted by  Business, Court, Featured News, Govt, Surveillance

Cyrus Farivar reports:

Coinbase’s CEO, Brian Armstrong, has estimated that it will cost the company between $100,000 and $1 million to defend its customers from what he described as an “overly broad subpoena.”

Last month, a federal judge in San Francisco ruled that Coinbase could be ordered, at the request of the Internal Revenue Service, to provide years of data that would reveal the identities of all its active United States-based users.

Read more on Ars Technica.

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