Coinbase received an upsurge of requests from law enforcement agencies Despite complying to governments’ requests, Coinbase to honor user data In 2022, Coinbase received 66% more requests from global law enforcement agencies as compared to 2021. The crypto exchange received 12,320 requests from law enforcement or government agencies, with 5,304 coming from the United States. […]
Despite complying to governments’ requests, Coinbase to honor user data
In 2022, Coinbase received 66% more requests from global law enforcement agencies as compared to 2021. The crypto exchange received 12,320 requests from law enforcement or government agencies, with 5,304 coming from the United States.published by Coinbase on 12 December. The report covered one year of data from 1 October, 2021 to 30 September, 2022.
According to the exchange, while it does provide user data to agencies in certain circumstances, it doesn’t give those agencies direct access to said user data.Nearly 57% of requests from outside the US saw a surge of around 6%. Besides, 21 countries sent requests for the first time in 2022, including 11 that sent more than one request. The latter included Andorra , Argentina , Brazil , Bulgaria , China , Croatia , Czech Republic , Liechtenstein , Serbia , Slovakia and Taiwan .
According to the report, roughly 95% of all law enforcement requests were for criminal investigations, with the rest mainly around civil or administrative purposes.Subscribe to get it daily in your inbox.
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