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Coinbase tracks 6% rise in info requests from law, government agencies
The requests are increasing in number and coming from more jurisdictions every year. Crypto exchange Coinbase says it recorded a 6% rise in requests from law enforcement and government agencies compared to 2022, with the number of jurisdictions issuing requests jumping by 19, according to the exchange’s annual transparency report. Four countries — the United States, Germany, the United Kingdom and Spain — made up nearly three-quarters (73%) of the 13,079 agency requests to Coinbase for information between Q4 2022 and Q3 2023. The United States made 5,686 requests to Coinbase, up from 5,304 last year, with 90.4% of those from criminal enforcement agencies. That number dwarfed Germany’s 1,906 requests, which ranked second. Germany traded places with the U.K. compared to last year, with the country seeing a small decline in requests over the year, down to 1,401 requests. This still far exceeded fourth-place Spain’s 732. Meanwhile, Australia sent 262% more requests to Coinbase compared to the previous year, placing it in sixth place at 453. Ukraine’s requests more than tripled, and Portugal’s more than doubled, but those countries still did not register in the top 15. The report covered the final quarter of 2022 and the first three of 2023. The requests Coinbase counted included subpoenas, court orders, search warrants and other formal legal processes. Coinbase provided “customer information, such as name, recent login/logout IP address, and payment information” in response to requests, but may push back at times: “Our obligation is to respond to these requests if they are valid under financial regulations and other applicable laws. […] Under certain circumstances, we may ask the government or law enforcement agency to narrow their request.” Source - Coin Telegraph
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