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As rumours began to surface about Binance being investigated by the U.S. Justice Department, it shocked the crypto industry.
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However, the exchange poured cold water on it and published a report highlighting its fight against cybercrime.
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Coinbase also followed suit, releasing a transparency report that revealed its requests to law enforcement.
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Over the past year, there has been an astronomical increase in law enforcement information requests.
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These agencies reportedly sent Binance 47,000 requests. These requests were also received by Coinbase, but they were only 12,320.
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It is important to note that the majority of this material was sourced from the United States, and was connected with criminal investigations.
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The chart shows that 47 per cent of these requests were made by the United States.
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It is important to note that 80 per cent of all law enforcement cases were filed in the U.S., U.K. Germany and Spain.
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Spain's regulators seemed to have a lot of doubts. The number of Coinbase requests from Spain grew 940 per cent in the past year.
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It is worth noting that crypto was an investment of around 7 per cent of Spanish adults.
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