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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/coinbase-transparency-report-18-yoy-drop-in-requests/" rel="noopener noreferrer nofollow">Coinbase Transparency Report: 18% YoY Drop in Requests</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Coinbase disclosed in a <a href="https://www.coinbase.com/en-br/blog/transparency-report-2024" rel="noopener noreferrer nofollow">transparency report</a> that it received 10,707 requests from global law enforcement and government agencies over the past year, an 18% decline from the previous reporting period.For the third consecutive year, the US submitted the highest number of requests from law enforcement and government agencies despite a decline this year.Outside the US, <a href="https://cryptosnewss.com/coinbase-adds-gigachad-giga-and-two-altcoins-to-its-platform/" rel="noopener noreferrer nofollow">Coinbase</a> experienced notable decreases in law enforcement requests from key markets. Requests declined significantly in Germany, the UK, and Spain, by 33%, 45%, and 35%, respectively.In contrast, Singapore stood out with a 221% increase in requests, jumping from 34 in 2023 to 109 this year. This signaled growing regulatory activity in the region as it emerged as a prominent crypto hub.<h2 id="header-0">Criminal enforcement</h2>According to Coinbase, 81% of all requests originated from six key jurisdictions: the U.S., the UK, Germany, France, Spain, and Australia. The overwhelming majority pertained to criminal enforcement matters, such as investigations into illicit financial activities, fraud, or other criminal concerns.These requests took various legal forms, including subpoenas, court orders, search warrants, and other official processes. The report emphasized its obligation to respond only to legally valid requests.Additionally, the company noted a robust review process to ensure compliance without compromising customer rights. It added that each request is scrutinized by a dedicated team of lawyers, analysts, and privacy experts.<h2 id="header-1">Complying without compromising users</h2>According to the report, the goal is to narrow overly broad or vague requests, reject requests deemed legally insufficient, and provide anonymized or aggregated data where possible instead of individualized customer details.Regarding the information shared with authorities, while <a href="https://cryptosnewss.com/coinbase-partners-with-chainlink-to-boost-institutional-crypto-adoption-in-abu-dhabi/" rel="noopener noreferrer nofollow">Coinbase</a> does provide certain customer details — such as names, IP addresses, and payment information—in response to valid requests, it stated that no government has direct access to its systems.Coinbase’s decision to share these figures reflects its push for transparency as it navigates the regulatory landscape.The report pointed out that proactively disclosing the scope and nature of government requests signals to regulators and users that the firm is committed to balancing compliance and customer trust.The post <a href="https://cryptosnewss.com/coinbase-transparency-report-18-yoy-drop-in-requests/" rel="noopener noreferrer nofollow">Coinbase Transparency Report: 18% YoY Drop in Requests</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Coinbase Transparency Report: 18% YoY Drop in Requests

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