Is “Big Bitcoin” Watching How You Spend Your Cryptocurrency?

Are large cryptocurrency companies and exchanges watching how you use your Bitcoin? A Coinbase customer was threatened with account closure when attempting to use a gambling site.
A member of online gambling site BitBet posted on Reddit that Coinbase prevented a user from spending Bitcoin on their site:
‘Hello,
We are the admin team for and it has come to our attention that Coinbase has silently started tracking how their customers spend the coins purchased on their site.
One of our users what threatened by Coinbase with account closure after he placed a bet on our site.
The implication is basically that Coinbase is now officially in the business of deciding what you can and can’t do with your own money.

This post was published at Coin Telegraph on 2016-07-20.

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