Coinbase received more than 1,800 request for information from law enforcement in the first half of 2020, largely in the form of subpoenas, the company announced Friday in a new transparency report.
The San Francisco-based cryptocurrency exchange released the information in its first-ever transparency report. Earlier this year, digital rights advocacy group Electronic Frontier Foundation (EFF) requested the exchange be more transparent in how it handles authorities’ requests for users’ private financial data.
In addition to the criminal information requests, Coinbase received a number of civil or administrative requests from government agencies, for a total of over 1,900 requests.
More than 1,100 of the requests came from agencies in the United States and 441 came from the United Kingdom. The majority of the requests came from the U.S. Federal Bureau of Investigation (FBI).
“As a financial institution with a duty to detect and prevent prohibited activity on its platform, we respect the legitimate interests