Coinbase Revealed in a Transparency report The company received 10,707 requests from law enforcement and government agencies worldwide over the past year, an 18 percent decrease from the previous reporting period.
For the third year in a row, the United States sent the most requests from law enforcement and government agencies, despite a decrease this year.
Outside of the US, Coinbase experienced a significant drop in law enforcement requests from key markets. Requests in Germany, UK and Spain have dropped significantly by 33, 45 and 35% respectively.
In contrast, Singapore saw a 221 percent jump in applications from 34 in 2023 to 109 this year. This reflected growing regulatory activity in the region as it emerged as a prominent crypto hub.
Criminal enforcement
According to Coinbase, 81% of all requests originated from six key jurisdictions: the US, UK, Germany, France, Spain and Australia. The vast majority were related to criminal enforcement matters, such as investigations into illegal financial activity, fraud, or other criminal concerns.
These requests took various legal forms, including subpoenas, court orders, search warrants, and other formal procedures. The report emphasized its commitment to respond only to legitimate legitimate requests.
In addition, the company noted a robust review process to ensure compliance without compromising customer rights. He added that each request is reviewed by a dedicated team of lawyers, analysts and privacy experts.
Compliance without endangering users
According to the report, the aim is to limit requests that are overly broad or vague, reject requests that are deemed legally insufficient, and where possible provide anonymized or aggregated data instead of personal customer details.
According to information shared with authorities, while Coinbase provides certain customer details – such as name, IP address and payment information – in response to valid requests, it stated that no government has access to its systems. It does not have direct access.
Coinbase's decision to share these figures reflects its push for transparency as it pursues a regulatory landscape.
Proactively disclosing the scope and nature of government requests signals to regulators and users that the company is committed to balancing compliance and customer trust, the report notes.
