Our customers may be aware that the U.S. government filed a civil petition yesterday in federal court seeking disclosure of all Coinbase U.S. customers’ records over a three year period. The government has not alleged any wrongdoing on the part of Coinbase and its petition is predicated on sweeping statements that taxpayers may use virtual currency to evade taxes.

Although Coinbase’s general practice is to cooperate with properly targeted law enforcement inquiries, we are extremely concerned with the indiscriminate breadth of the government’s request. Our customers’ privacy rights are important to us and our legal team is in the process of examining the government’s petition. In its current form, we will oppose the government’s petition in court. We will continue to keep our customers informed on developments in this matter.

Several weeks ago we made ETC withdrawals available to all customers who were affected by the Ethereum hard fork. All customers with outstanding ETC balances have now been notified and the majority have withdrawn their ETC from the platform.

If you are one of the remaining customers who has not withdrawn your ETC, please do so by visiting the ETC withdrawal page. We apologize for any trouble this caused. We will endeavor to be better prepared in the event of future hard forks.

We are excited to announce that consumers in Canada & Singapore can now instantly buy bitcoin and ether with their debit and credit cards.

To get started, visit the “Trade” page on Coinbase.com or tap on the “Buy” or “Sell” options in our iOS or Android apps to add a credit or debit card and buy digital currency. Please note that at this time users in Canada can only buy digital currency. We hope to add the ability to sell digital currency in Canada as well soon.

Your feedback is important to us. Feel free to reach out to us at our Community Forum. If you don’t have a Coinbase account, sign up here!

We wanted to provide some clarity to Coinbase customers who are following the current discussion in the Ethereum community regarding ETH (Ethereum) and ETC (Ethereum Classic).

Coinbase launched support for ETH after last week’s hard fork in the Ethereum network. Since launch, Coinbase has exclusively supported transactions and trading in ETH — not ETC. All Coinbase customers’ ETH is 100% secured in hot and cold storage, per our usual secure storage procedures. Coinbase customers may continue to buy, sell, send, and store ETH on Coinbase.

At this time, Coinbase has no plans to support ETC, although we will continue to monitor the situation and evaluate customer demand. Please do not attempt to send ETC to your Coinbase account.

GDAX customers, please see our corresponding update.


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