Was Coinbase's request inappropriate?

In recent news, Coinbase, a leading cryptocurrency exchange, has come under scrutiny for its request to access users' bank account information. This request has sparked a debate among cryptocurrency enthusiasts and regulators alike. While Coinbase claims that this access is necessary for improved fraud detection and security measures, many are questioning the appropriateness of such a request. After all, cryptocurrency is supposed to be a decentralized, privacy-oriented system. What are the implications of Coinbase's move? Could it erode the trust that users have in the platform? Or, is this a necessary evil in today's digital landscape, where fraud and hacking are ever-present threats? These are the questions that many are asking as they grapple with the appropriateness of Coinbase's recent request.