Coinbase receives over 12,000 law enforcement requests
The crypto industry was startled as rumors about Binance being probed by the U.S. Justice Department began surfacing. The exchange, however, poured cold water on this and released a report highlighting its fight against cybercrime. Coinbase followed suit and rolled out a new transparency report that shed light on its requests from law enforcement. There has been a massive surge with regard to law enforcement information requests over the past year. Binance reportedly garnered 47,000 requests from these agencies. Coinbase also received these requests but were limited to 12,320. It should be noted that most of it came from the United States and was related to criminal investigations. Source As seen in the chart, the United States accounted for 47 percent of these requests. It should be noted 80 percent of law enforcement pleas were from the U.S., U.K. Germany as well as Spain. Regulators in Spain seemed to have had a lot of doubts. As the number of requests from the countr...