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Coinbase Receives Three Times More Law Enforcement Requests in 2021, Mostly from the US

Coinbase, a cryptocurrency exchange, received three times more law enforcement requests in 2021 than it did in 2020, with almost half of the 13,079 requests coming from the United States. The majority of requests were related to criminal investigations, and Coinbase aims to provide anonymized or aggregated data where possible. While the total number of requests increased by 6% from the previous year, it pales in comparison to the 127,766 requests received by Verizon in the first half of 2021. Coinbase CEO Brian Armstrong recently expressed frustration with the U.S. Securities and Exchange Commission's response to the company's requests for guidance, and the company has also received a subpoena from the Commodities Futures Trading Commission.

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