Coinbase’s Transparency Report Shows Increase in Law Enforcement Requests

Xplayer December 1, 2023 in Coinbase, Crypto News - 2 Minutes

Coinbase, the popular cryptocurrency exchange, recently released its 2019 Transparency Report. The report revealed that Coinbase received an increase in law enforcement requests over the past year.

The report showed that Coinbase received a total of 1,914 law enforcement requests from January to December 2019. This is a significant increase from the 1,240 requests received in 2018. The majority of these requests were for customer information, followed by requests for transaction data, account data, and other information.

Coinbase also revealed that it received a total of 7 subpoenas and 4 search warrants in 2019. This is an increase from the 5 subpoenas and 2 search warrants received in 2018. Coinbase stated that it complied with all of these requests, except for one request which was denied due to lack of jurisdiction.

Coinbase also reported that it received a total of 4 court orders in 2019. This is an increase from the 2 court orders received in 2018. Coinbase stated that it complied with all of these requests.

The report also revealed that Coinbase received a total of 4 emergency requests in 2019. This is an increase from the 1 emergency request received in 2018. Coinbase stated that it complied with all of these requests.

Coinbase’s Transparency Report shows that the company is increasingly being targeted by law enforcement agencies. This is likely due to the growing popularity of cryptocurrencies and the increasing number of people using Coinbase to buy and sell digital assets.

It is important for cryptocurrency users to be aware of the fact that their transactions and personal information can be subject to law enforcement requests. Coinbase’s Transparency Report serves as a reminder that users should take steps to protect their privacy when using cryptocurrency exchanges. This includes using strong passwords, two-factor authentication, and other security measures.

Overall, Coinbase’s Transparency Report shows an increase in law enforcement requests over the past year. It is important for cryptocurrency users to be aware of this and take steps to protect their privacy when using cryptocurrency exchanges.