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Coinbase Receives Over 2000 Government Inquiries in Six Months

Cryptocurrency exchange Coinbase has published a transparency report for the second half of 2020. Between July 1 and December 31, the company received 2,313 government disclosure requests.

The overwhelming majority of appeals (95.7%) are related to criminal investigations. More often than others, information about clients of the exchange was asked to provide three jurisdictions – the United States, Great Britain and Germany. They account for about 90% of the total number of claims.

Data: Coinbase.

During the reporting period, US government departments sent 1,197 requests to Coinbase. Of them:

  • Federal Bureau of Investigation – 362;
  • Customs Police – 248;
  • local government bodies – 161;
  • Drug Enforcement Agency – 121.
Data: Coinbase.

The company added that it received approximately 4,227 requests for the full year of 2020. Of these, 54% fell on the second half of the year.

Coinbase also noted that the number of hits from France increased by 20%.

Recall that in October 2020, the exchange published a report on the transparency of its activities for the first half of the year. Coinbase received 1,914 government requests in six months.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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