As the great wheel of fate turns, the world of cryptocurrency finds itself entangled in a web of intrigue, with the powers that be exerting their influence like a gentle (or not so gentle) breeze on a summer’s day.
Thus, it was with great interest that I perused the latest transparency report from Kraken, that venerable institution of crypto commerce. And what did I discover? A 38.6% increase in global law enforcement and regulatory data requests, a veritable tidal wave of curiosity from the authorities.
But, I must confess, dear reader, that my eyes grew wide with wonder when I espied the fact that U.S. agencies accounted for a whopping 28.6% of these requests. The FBI, that most esteemed of institutions, led the charge with a staggering 614 requests. One can only imagine the fevered brows and furrowed foreheads of those noble agents as they toil to unravel the mysteries of the crypto universe.
And, of course, no discussion of this nature would be complete without a nod to the U.S. Securities and Exchange Commission, which, despite accounting for a mere 1.9% of U.S. agency requests, managed to issue a sizeable 37.3% of regulatory agency requests. Ah, the SEC, ever vigilant, ever watchful, like a hawk perched atop a mountain of paperwork.
Now, as I delved deeper into the report, I discovered that Kraken received a total of 6,826 requests in 2024, with data provided for a respectable 57% of them. The majority of these requests, I noted with interest, pertained to accounts located in the U.S. (34.5%), the U.K. (8.8%), and Germany (8.5%). Ah, the eternal triangle of crypto intrigue!
And, in a curious twist, Coinbase, that other stalwart of the crypto world, reported a decrease in global requests for data in 2024. Their December transparency report revealed a total of 10,707 requests, a roughly 18% decrease from 2023. But fear not, dear reader, for U.S. law enforcement still managed to account for a lion’s share of requests, comprising around 81% of all law enforcement requests.
As I concluded my perusal of this report, I couldn’t help but chuckle at the absurdity of it all. Ah, the crypto world, where the players are many, the stakes are high, and the intrigue is always simmering just below the surface. 🤑
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2025-02-20 14:19