Coinbase BIPA Lawsuit Highlights Concerns About Biometric Data Privacy in Crypto

A class-action lawsuit against Coinbase in Illinois raises serious questions about the company’s handling of biometric data, specifically facial geometry, and its compliance with the state’s stringent Biometric Information Privacy Act (BIPA). The suit alleges that Coinbase mishandled user data during its identity verification process, violating BIPA by failing to provide adequate notice and obtain explicit consent for this practice. This case highlights the growing legal challenges for cryptocurrency platforms as they navigate a complex landscape of privacy regulations. 💰