Coinbase reveals 18% YoY drop in law enforcement requests

in cb •  6 days ago 

Coinbase disclosed in a transparency report that it received 10,707 requests from global law enforcement and government agencies over the past year, an 18% decline from the previous reporting period.

For the third consecutive year, the US submitted the highest number of requests from law enforcement and government agencies despite a decline this year.

Outside the US, Coinbase experienced notable decreases in law enforcement requests from key markets. Requests declined significantly in Germany, the UK, and Spain, by 33%, 45%, and 35%, respectively.

In contrast, Singapore stood out with a 221% increase in requests, jumping from 34 in 2023 to 109 this year. This signaled growing regulatory activity in the region as it emerged as a prominent crypto hub.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

image.png