In recent weeks, we have informed you several times that governments in Thailand and Argentina are working on extensive regulations, as well as the fact that the Binance exchange is under the scrutiny of European regulators after entering into stock trading. Today, however, we will look at the Coinbase exchange and the pressure from government agencies around the world that the stock exchange had to face last year. From the available information, we know that up to 90% of requests from government agencies and law enforcement agencies between 1 July 2020 and 31 December 2020 came from only three countries.
As you can see in the picture above, these three countries are the USA, UK, and Germany. Most requests came from the United States, namely 1,197, most of which were submitted by the Federal Bureau of Investigation (FBI) and Homeland Security Investigation (HSI). In second place was the United Kingdom with 597 applications and in third place was taken by Germany with 260 applications, which took care of up to 90% of applications from all over the world. Most of the following countries come from Europe, and it is certainly worth mentioning that France, which placed fourth, recorded the largest percentage increase in requests, in terms of customer information, by up to 20%.
We learned all this information directly from the Coinbase exchange, which only confirmed the great transparency of this company. The total number of requests from government agencies that Coinbase received last year is 4,227, and we don’t even want to imagine how much paperwork it must be.