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Privacy at Stake: 96% Of Information Requests to Coinbase Came From US Federal Agencies


Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies.


The company has consistently expressed its willingness to cooperate with U.S. law enforcement agencies, having contracts and good relations with the U.S. Department of Homeland Security.


This year, Kraken reported that the authorities developed an increasing interest in crypto, raising the number of information requests by almost 50%.


The fact that they are registered in the US, have strong AML/KYC policies, and comply with US law, is a major point when it comes to assessing how safe and trustworthy a crypto exchange platform is.


Image: CoinbaseThe Coinbase report shows that the United States is increasingly interested in regulating cryptocurrencies to the fullest extent.


From trying to force encryption service providers to work on solutions to allow law enforcement agencies to access private citizen data to paying companies to develop methods to track down privacy-focused blockchains, such as Monero or Zcash.






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