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Consumer Law

Proposed Class Action Complaint Accuses Coinbase of Unlawful Biometric Data Collection Practices

A proposed class action complaint filed in a California Court claims digital asset exchange Coinbase (NASDAQ: COIN) broke the law in its collection, storage, and use of biometric data.

A May 1 filing with the District Court for the Northern District Of California accuses digital asset exchange Coinbase of keeping the biometric data collected from customers in the account creation process without notifying them in writing that it would be doing so. According to the lawsuit, such retention is illegal based on the Illinois Biometric Information Privacy Act (BIPA).

Coinbase requires users to upload scans of a valid identity card and a selfie, which it uses to create a biometric template of a user’s face in order to confirm a facial match. This is to comply with Know Your Customer (KYC) requirements by which, as a listed company in the U.S., Coinbase must abide.

Read the source article at coingeek.com

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