Tuesday, April 24, 2018

Wikileaks calls for a boycott of Coinbase

Wikileaks announced on Friday that Coinbase had unblocked the official Wikileaksshop store, which sells various souvenirs: clothes, accessories, phone cases, stickers, posters, books and cryptocotics. In response, Wikileaks offered to declare a global boycott to the crypto exchange and to the operator for receiving payments "as a worthless member of the crypto community".

The organization also published part of the letter that was sent to them from Coinbase. In it, the operator for receiving payments refers to a warning from the US Financial Crimes Network (FinCEN). The letter says that "Coinbase is a cash services company, whose work is regulated by FinCEN, which obliges the company to implement compliance mechanisms." The letter also says:

"After careful analysis, we came to the conclusion that your account is involved in prohibited activities, which contradicts our terms of service, and we regret to inform you that we can no longer provide you access to our service."

Further, the letter contains instructions for Wikileaks on the derivation of the remaining balance. "We ask you to follow the on-screen instructions provided to enter your Coinbase account to move the remaining balance to an external address." In response to the action of Coinbase Wikileaks stated:

"Wikileaks is calling for a global boycott of Coinbase from next week, as the company is a worthless member of the crypto community. Coinbase, a large California operator for receiving crypto-currency payments, reacting to hidden influence, blocked the completely secure @Wikileaksshop by a decision approved by its management. "

Andreas Antonopoulos commented on the recording on Twitter of Wikileaks, noting:

"We passed a full circle. The interest of many people towards bitcoin emerged when Wikileaks came under the ban of Visa, Mc, Paypal and banks. Now Coinbase followed suit. Unfortunately".

He further clarified: "This is a purely symbolic ban, unlike the first embargo. Now they have many options. But this symbolism is a rather sharp reminder of what centralization and banking regulation means. "

Antonopoulos refers to the global boycott of payments for Wikileaks 2010, which forced the information resource to turn to receiving payments in Bitcoin. Six days before Satoki Nakamoto mysteriously left the community, a discussion took place at the Bitcointalk forum between Nakamoto and those who want Wikileaks to take bitcoin. It is believed that this event was one of the reasons why the creator Bitcoin left the project.

Recently, the Coinbase crypto currency platform announced the imminent opening of the coin fork coin output, as well as the addition of support for ERC20 tokens.

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