A new transparency update from Coinbase
$2.38B
According to the data, approximately 53% of all these demands came from authorities outside the US.
Requests were concentrated among a few countries. Requests from the United States, Germany, the United Kingdom, France, Spain, and Australia accounted for about 80% of the total.
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Although the US remained the single largest source, non-US requests accounted for the majority by volume this time around.
The majority of these requests related to suspected criminal activity and were supported by legal authority, such as subpoenas, search warrants, or court orders.
Coinbase explained that information is disclosed only when required by the laws that apply in each jurisdiction, with each request reviewed for accuracy and scope before any response is provided.
Procedures have not changed despite the increase in requests. Every inquiry is checked in detail, with measures taken to challenge or limit requests if necessary.
Efforts remain to respond with minimal personal data whenever possible, such as by providing aggregated or non-identifying information.
The period covered in this latest release lines up with earlier annual reports, as the total number of requests has generally ranged from 10,000 to 13,000.
Coinbase recently pushed back against several US banking groups after they urged regulators to block rewards and discounts tied to stablecoin payments. What did Coinbase’s policy chief, Faryar Shirzad, say? Read the full story.
