Coinbase Sees Threefold Increase in Law Enforcement Data Requests, Half from U.S.
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Coinbase received 13,079 law enforcement requests in 2022, triple the number from 2020. Nearly half were from the U.S.
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96% of requests were related to criminal investigations, the rest to civil/administrative matters.
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Coinbase aims to narrow overly broad requests and objects to some entirely, but did comply with 6% more requests than last year.
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The number of requests from Ukraine tripled in 2023 compared to 2022. Australia, Portugal, Romania and Nigeria also saw big increases.
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Coinbase shares recently hit a 52-week high but dipped 4% Thursday after the company warned some customers it may have to share their trading data with U.S. regulators.