It seems that Coinbase works in a similar way to banks and other traditional financial institutions. According to Wikileaks Shop, their Coinbase account has received a message from Coinbase explaining that their account was being suspended due to ‘violations’ of terms.
Wikileaks Shop Coinbase Account Blocked
The merchandise branch of WikiLeaks, informed on April the 20th, that Coinbase decided to stop offering support to them.
The Tweet reads as follows:
“ANNOUNCE: Coinbase has blocked the official @WikiLeaks shop from its platform without notice or explanation. You can continue to donate #Bitcoin to WikiLeaks at WikiLeaks.org/donate.”
ANNOUNCE: Coinbase has blocked the official @WikiLeaks shop from its platform without notice or explanation. You can continue to donate #Bitcoin to WikiLeaks at https://t.co/lvhoyhlqUa. #Coinbase #DefendWL #Cryptocurrency #Ethereum #BitcoinCash #ReconnectJulian pic.twitter.com/4BSS023OOk
— WikiLeaks Shop (@WikiLeaksShop) April 21, 2018
The tweet uploaded by Wikileaks Shop has an image attached that shows the notification sent to the commerce arm of the international anonymous organization.
“Our main goal is to make digital currency safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and has part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms,” reads the notification sent by Coinbase. “Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service.”
WikiLeak Shop offers different merchandising products to finance their activities. Individuals interested in donations to WikiLeaks can simply donate Litecoin, Bitcoin Cash, Dash, Dogecoin, Ethereum, Neo, Namecoin, Vertcoin, Monero, Zcash, and Bitcoin.
One of the main complaints that users have with Coinbase is that the company does not respect the main values of the crypto community. At the same time, it works in a very similar way to traditional financial institutions like banks, without being distinguished for its crypto-services.
Andreas Antonopoulos has given his opinion about this situation saying that Coinbase repeated the history as PayPal, VISA, MC, and banks against WikiLeaks.
We have come full circle. Many people's interest in bitcoin started when Wikileaks was out under an extra judicial embargo by VISA, MC, PayPal and banks. Now Coinbase has repeated history. Oops. https://t.co/b8HQkoOwyQ
— Andreas M. Antonopoulos (@aantonop) April 21, 2018
Image Provided by VOA.