> This is a net good for bitcoin and all crypto currencies isn't it? No. A quote from the article: "asking for detailed transaction information on so many peo

> This is a net good for bitcoin and all crypto currencies isn't it? No. A quote from the article: "asking for detailed transaction information on so many people, simply for using digital currency, is a violation of [customers'] privacy, and is not the best way for us to accomplish our mutual objective.” The point of the article isn't about regulation or enforcement; it's about the methodology of enforcement. If A business magically has more money than they should given their transactions in a year, issuing a subpoena on their information is completely legitimate if they are under an active investigation. Similarly, if a specific person is under investigation, and they are suspected to be evading taxes, an investigation into them is grounds to get their info from coinbase. It's not grounds to get my info from coinbase. People also try and evade taxes in the stock market, that doesn't mean the IRS is entitled to investigate me just because I also happen to use schwab and made a trade on nasdaq. At the end of the day, this ISN'T good for crypto currencies because it demonstrates that enforcement obeys different rules than other assets.