Privacy at Stake: 96% Of Information Requests to Coinbase Came From US Federal Agencies

October 17, 2020 | By | Reply | 14 Readers More


Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies.

According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came from civil or administrative agencies.

Type of Information Requests sent by Law Enforcement Agencies to Coinbase. Image: Coinbase
Type of Information Requests sent by Law Enforcement Agencies to Coinbase. Image: Coinbase

Coinbase Unveils An Unsurprising Report

Such statistics from Coinbase are not strange. The company has consistently expressed its willingness to cooperate with U.S. law enforcement agencies, having contracts and good relations with the U.S. Department of Homeland Security.

This number far exceeds the 710 requests received by Kraken during 2019. This exchange is also based in…

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