ast month, Coinbase revealed that it had accomplished 10,707 requests from global law enforcement agencies and governments, down 18 percent from the prior reporting period. The United States remained the indisputable leader of the number of submissions for the third year in a row.
Global Request Trends
Out of all the major markets, the only one that has increased its frequency of requests was Singapore. It soared to 221 percent and was able to handle 109 requests this year, from a meager 34 in 2023. Notable decreases were observed in key European markets: Germany by 33%, the United Kingdom by 45% as well as Spain by 35%.
Criminal Enforcement Focus
Approximately 81% of all requests came from six primary jurisdictions: the United States, United Kingdom, Germany, France, Spain and Australia. Most of these request focused on criminal upliftment and involved involving financial and illicit practices, fraud and other criminal issue’s.
Privacy and Compliance Methodology
Coinbase underlined its cautious attitude towards each specific request. Another team of lawyers and analysts, as well as privacy, reviews the submissions to validate legal issues while safeguarding the rights of the customers. To protect its client’s privacy, the company wants to deliver raw data only in cases when it can be made anonymous or in a consolidated form.
Transparency and Trust
By releasing these specifics, Coinbase proves that it complies with the policies of the changing regulation. The report also shows that the company has a clear continuity plan regarding the protection of user data and privacy along with following the regulation on the financial sector.
Request Volume Overview
Coinbase latest transparency report show that the company cares about its users and is willing to work within the law when making requests from the law enforcement.
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