Transparency Report Highlights
Coinbase has released its annual transparency report, revealing a 6% increase in requests for customer information from government agencies and law enforcement compared to the previous year. The report covered the period from October 1, 2022, to September 30, 2023 and showcased an expansion in the geographic scope of these requests.
Key Takeaways
Out of the 13,079 data requests made to Coinbase by law enforcement agencies, 73% originated from the United States, Germany, the United Kingdom, and Spain.
Breakdown of Requests by Country
The United States made 5,686 requests to Coinbase, followed by Germany with 1,906 requests, the United Kingdom with 1,401 requests, and Spain with 732 requests. Additionally, Australia saw a substantial increase in requests, marking a 262% jump from the previous year.
Additional Points of Interest
In recent reports, Coinbase disclosed the legal requests it received, highlighting the implementation of crypto legislation in various countries, including the European Union’s MiCA regulation.
Hot Take
Coinbase’s transparency report offers valuable insights into the company’s interactions with government agencies and law enforcement. It also sheds light on the increasing involvement of law enforcement in the crypto industry.
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