The Coinbase cryptovrency exchange for the first time presented a report on law enforcement agencies of different countries on the transfer of user data to it.
According to the report of Coinbase, from January 1 to June 30, 2020 the exchange received 1914 requests from law enforcement agencies. 1113 requests were received from USA, 441 - from Great Britain and 176 - from Germany, and a small share of requests falls on other European countries.
The Federal Bureau of Investigation turned out to be the most "demanding" body - it received 30.5 percent of requests to transfer information about the Exchange's clients. The Department of Homeland Security (HSI) accounts for 16.5% of requests, the number of requests from local police is 16.2%, from the U.S. Drug Enforcement Administration (DEA) - 9.3%, and from the U.S. Tax Service (IRS) - 8.8%.
Other agencies that have contacted Coinbase for user information include the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the U.S. Secret Service, the U.S. Postal Inspection Service (USPIS), the U.S. Department of Justice, and the U.S. Immigration and Customs Enforcement.
Paul Grewal, head of Coinbase's legal department, said that mainly the trading floor receives requests in the form of subpoenas, and sometimes in the form of court orders and documents authorizing the search. Gruel noted that some information about law enforcement appeals is prohibited to disclose. However, Coinbase supports the actions of government agencies in the fight against fraudsters and criminals, who can use for their purposes various cryptographic platforms. According to Gruel, transparency ensures the trust of both regulators and users of the exchange.
The Coinbase report came a month and a half after the Electronic Frontier Foundation (EFF), a non-profit organization, invited the exchange to publish such reports. This could clearly demonstrate how investigative bodies work.
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