WikiLeaks Shop Reports Suspension Of Coinbase Account

WikiLeaks Shop Reports Suspension Of Coinbase Account. San Francisco-based cryptocurrency exchange Coinbase has reportedly closed an account opened by whistleblowing site Wikileaks for its online store. Coinbase has shut down for the WikiLeaks shop because of the violations of its Terms of Service.

WikiLeaks Shop Reports Suspension Of Coinbase Account due to the violations of its Terms of Service

See Also: Bitcoin and other major Crypto-currencies to watch out for

The Wikileaks Shop is the whistleblower site’s merchandise outlet. They sell shirts, phone cases, coffee mugs, posters, and other branded things. Users can pay for their items with a credit card, or via a variety of cryptocurrencies. According to the report, the people using Coinbase account will not be able to buy things on WikiLeaks store.

Coinbase’s TOS states that it can terminate accounts at its discretion, while its termination notice says that the service is regulated under the US Treasury’s Financial Crimes Enforcement Network, which is designed to combat money laundering.

It does not mean that the site can not accept cryptocurrencies. However, it just won’t be able to accept it through Coinbase’s system. The move has angered the organization and its supporters. Bitcoin received a boost when Paypal, Visa and Mastercard cut off donations to the site in 2010. The authorities considered that this move will not have much effect because there is a number of other exchanges available beyond Coinbase.

Also Check: Crypto Market Sheds Billions as top 100 Assets Down Sharply

Onsa Mustafa

Onsa is a Software Engineer and a tech blogger focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature. Contact: [email protected]
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