Germany's Largest Bitcoin Exchange Hands Over Customer Data Voluntarily – Privacy Bitcoin News


Germany's Largest Bitcoin Exchange Hands Over Customer Data Voluntarily

According to regional reports, Germany’s largest bitcoin exchange has been giving customer data to investigators without a warrant.

Also read: Indian Government May Take Immediate Steps to Stop Bitcoin Use 

Germany's Largest Bitcoin Exchange Hands Over Customer Data VoluntarilyThe biggest bitcoin marketplace in Germany,, has been giving customer data to German police voluntarily. According to the country’s regional Motherboard publication, investigators in the region have been dedicating energy towards taking down darknet markets. The report details it is “easy for police to access user data” from the exchange.

Data given to police includes bitcoin addresses, names, associated emails, locations, account summaries, IP addresses, and login history. One customer, Stephan Jansen from Southern Germany is not pleased with’s voluntary disclosure.

“I am speechless,” explains Jansen. “I thought this is a serious company and that my data is safe there.” tells the publication that its “legal reporting obligation” is justified. According to the report, the company emphasized it has had a “trustworthy cooperation with different authorities.” The data collection follows a series of darknet market investigations in Germany and global law enforcement. A professor and data protection officer from Hamburg, Johannes Caspar, says Germany’s Money Laundering Act (AMLA) says there is no legal obligation to give data to police. According to Caspar data collection like that can only be requested by the courts and the prosecutor’s office.

What do you think about giving away customer information voluntarily to police without a warrant? Do you think its a big deal? Let us know in the comments below.

Images via Shutterstock, and the website. 

Tags in this story
AML, Bitcoin exchange,, Germany, Law Enforcement, N-Featured, Police

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Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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