Posts Tagged bitcoin

BoA Gave Up Customer Data Without A Warrant

From Open Source Defense:

As part of the oversight conducted by the Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government, the Committee and Select Subcommittee received testimony from retired FBI Supervisory Intelligence Analyst George Hill on February 7, 2023. Mr. Hill testified that Bank of America (BoA) provided the FBI — voluntarily and without any legal process — with a list of individuals who had made transactions in the Washington, D.C., metropolitan area with a BoA credit or debit card between January 5 and January 7, 2021, and that individuals who had previously purchased a firearm with a BoA debit card or credit card were elevated to the top of the list regardless of when or where the purchase was made.

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Regulations Proposed to Control Bitcoin

From the Electronic Frontier Foundation:

The State of New York has proposed BitLicense, a sprawling regulatory framework that would mandate licenses for a wide range of companies that interact with digital currencies. The proposal creates expensive and vague new obligations for startups and infringes on the privacy rights of both Bitcoin businesses and casual users. And we have only four days before public comments on the proposal close. Speak out now.

This isn’t just about Bitcoin. Any future digital currency protocol would be affected, even if it’s not being used for financial services. As the proposal is currently drafted, innovators who want to use these protocols for smart contracts, to track digital assets, or for any other purpose would still be affected.

 

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