Kraken's 2024 transparency report reveals an increase in requests from law enforcement and regulatory agencies.
Regulatory Requests Rise
According to Kraken's transparency report, the number of global requests rose by 39% in 2024. The U.S. accounted for 28.6% of these, with the FBI leading with 641 requests. Other agencies include the IRS, DEA, among others.
Commitment to Transparency
Kraken emphasizes transparency and compliance. Initiatives like Proof of Reserves and ISO 27001 certification highlight efforts to protect users. Nick Percoco, Kraken's CSO, highlights security as foundational.
Impact on US Crypto Regulation
The increase in requests is seen amidst a broader regulatory focus on crypto. Industry leaders expect lighter regulation under Trump, promising more clarity and less scrutiny.
Kraken's report shows dedication to compliance and data protection, potentially influencing future crypto regulation.
