Coinbase, the most widely used cryptocurrency exchange platform in the United States, has now made the announcement that ERC-20 Polygon (MATIC) is now available to users in Japan. A transparency report detailing the information demands from governments and law enforcement agencies for consumer data was released by the exchange before that.
The statement reads:
“Our goal with these reports is to provide customers with data about requests for their information that we receive from government agencies and law enforcement. We also intend to provide some insight into law enforcement and regulatory trends around the world.”
During the time period covered by this report, a total of 12,320 requests were made, which is about a 66% increase from the previous report. The 57 percent of requests that came from countries outside of the United States represented a 6 percent rise when compared to their prior report.
In addition, 21 countries submitted proposals for the very first time in 2022, with 11 of those countries submitting multiple requests. Andorra, Argentina, Brazil, Bulgaria, China, Croatia, Czech Republic, Liechtenstein, Slovakia, and Taiwan are the countries in question. In addition, demands from law enforcement came mostly from the United States, the United Kingdom, Germany, and Spain.
There was a greater than 100% rise in the number of requests made to law enforcement and government agencies in Spain (+940%), Belgium (+400%), Italy (+281%), the Netherlands (+163%), and Austria (+141%); the increase in Ireland (+118%) was the smallest of the six nations.
According to Coinbase, the vast majority of the inquiries they got from law enforcement agencies throughout the world and in the United States were related to issues of criminal enforcement. This trend has been consistent over the previous several years.