The Press Service of the Coinbase Trading Platform Published a New Article in Its Blog, Presenting the 2023 Transparency Report. This Document Notes that Since the Beginning of the Year, the Company Received 13,079 Requests from Government and Law Enforcement Agencies, Which is a 6% Increase Compared to the Previous Period.
Of the Total Number of Requests, About 57% Were Sent from Countries Outside the USA. In 2023, for the First Time, Requests Were Received from Representatives of 19 Different Countries, Including Armenia (11 Requests), Cameroon (8), Costa Rica (6), Colombia (3), Moldova (3), Côte d'Ivoire (2), New Caledonia (2), Pakistan (2), Sri Lanka (2), and Others.
The Majority, Namely 73%, of Law Enforcement Requests Were Sent from the USA, Germany, the UK, and Spain. The USA Continued to be the Leader in This Indicator in Both 2022 and 2023. Notably, the Number of Requests from Australia Increased by 262% and from Portugal by 211%.
In the UK, Despite a Decrease in the Number of Requests from 1744 in 2022 to 1415 in 2023, the Country Remains One of the Leaders in the Number of Inquiries. France Also Recorded a Significant Increase in Requests, from 351 to 535.
The Exchange Representatives Emphasized that Thanks to Cooperation with 245 Thousand Partners in More Than 100 Countries, Coinbase Has Significantly Expanded Its Range of Products and Services Worldwide. This Includes Development in the Field of Derivatives and Second-Level Solutions. During the Current Year, the Company Also Successfully Obtained a Number of New Regulatory Licenses.
Experts Note that the Presented Coinbase Transparency Report is an Important Testimony of the Balance Between Ensuring Client Confidentiality and Complying with Legislative Requirements. The Company Recognizes that Protecting Clients' Personal Data is a Key Element of Economic Freedom and Security.
