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According to Decrypt, Google today agreed to improve its legal compliance program after losing data related to BTC-e, a criminal crypto exchange investigated and shut down by the FBI for alleged money laundering in 2017. The tech giant will “ensure timely and complete responses to legal process such as subpoenas and search warrants,” going forwards, according to a news release from the Department of Justice on Wednesday. The department served a search warrant on Google in 2016, demanding the company turn over data the company held concerning BTC-e. However, Google leaned on a standing legal precedent that limited such requests to data stored on American soil. Due to Google’s optimization algorithms, which moved data around the world, the company couldn’t clearly define which information it was required to forfeit. Congress eventually intervened by passing the CLOUD act, which required all related data in cases like Google’s be handed over, regardless of where it was stored. Today, the firm said it is taking numerous measures to ensure such legal complications never happen again.

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【Google settles with DOJ over lost criminal crypto exchange data】According to Decrypt, Google today agreed to improve its legal compliance program after losing data related to BTC-e, a criminal crypto exchange investigated and shut down by the FBI for alleged money laundering in 2017. The tech giant will “ensure timely and complete responses to legal process such as subpoenas and search warrants,” going forwards, according to a news release from the Department of Justice on Wednesday. The department served a search warrant on Google in 2016, demanding the company turn over data the company held concerning BTC-e. However, Google leaned on a standing legal precedent that limited such requests to data stored on American soil. Due to Google’s optimization algorithms, which moved data around the world, the company couldn’t clearly define which information it was required to forfeit. Congress eventually intervened by passing the CLOUD act, which required all related data in cases like Google’s be handed over, regardless of where it was stored. Today, the firm said it is taking numerous measures to ensure such legal complications never happen again.

Google settles with DOJ over lost criminal crypto exchange data

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