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Author Topic: How to close a crypto exchange easily  (Read 310 times)
Husires
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April 27, 2023, 12:04:54 AM
 #21

Coinbase Executive: Our Client Data Was Sold By Third-Party Providers
https://cryptopotato.com/coinbase-executive-our-client-data-was-sold-by-third-party-providers/

Although in my country, personal data is sold like pies on the market, and it is impossible to fight against it.

I think this is true before the Cambridge Analytica scandal, in which Facebook user data was stolen by a third party. For those who forgot this issue, here is a link to remind them https://www.theguardian.com/news/2018/mar/17/cambridge-analytica-facebook-influence-us-election

Many governments began to be strict in requesting personal data from the end of that year until the end of 2019, and if you notice the date of the article, it is in the year 2019, and therefore the laws of dealing with data and sharing it with third parties have become more serious during recent years than previous years.

An example of this is The Information Technology Act, 2000 (I.T. Act) (we are here talking about Asia, not Europe)

Theoretically, platforms can abuse customer data, but they will claim that a third party has hacked into servers, an argument that takes years in court to refute.
dansus021
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April 27, 2023, 10:39:20 AM
 #22

This case will be long.
If you are talking about the security of your personal data, then I do not trust exchanges.

Well if that the case yes, we cannot trust  any exchange although they say in their term of use that they will not abuse or sell our data bla bla bla hehehehe

and I hear about an app that said can remove our personal information but I dont think really know how the app works https://incogni.com/ here the website if you want to visit

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zasad@ (OP)
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April 27, 2023, 02:17:23 PM
 #23

This case will be long.
If you are talking about the security of your personal data, then I do not trust exchanges.

Well if that the case yes, we cannot trust  any exchange although they say in their term of use that they will not abuse or sell our data bla bla bla hehehehe

and I hear about an app that said can remove our personal information but I dont think really know how the app works https://incogni.com/ here the website if you want to visit
Centralized exchangers have no future due to the many risks of working for them. You need to sell assets because prices are falling and the exchange is blocking your funds and asking you to submit tax returns.
If you have transferred your data on the Internet at least once, more than one service will not delete them from there.No matter how the exchanges resist, they will transfer all the trading data of clients over the past 6 years to the US tax and other services.

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