Kraken says US agencies made up nearly 30% of all data requests in 2024

Crypto Exchange Kraken reported an increase of 38.6% of the global requests for data application and regulation data in 2024 compared to 2023.

Cryptocurrency exchange based in the United States Kraken I obtained many more data requests in 2024, showing how the police and government agencies pay for the crypto.

In a February 19 transparency reportThe Crypto Exchange, based in San Francisco, said that the number of requests increased by 38.6% compared to 2023, American agencies representing 28.6% of the total. The FBI is at the top of the list with the most requests – 614 in total.

The requests mainly came from law enforcement organizations, federal and local. Although the American Securities and Exchange Commission represents only 1.9% of the US agency requests, it issued a large part (37.3%) of the regulatory agency’s requests, said exchange.

Of the total of 6,826 requests that Kraken received in 2024, data was provided for 57% of them, according to the report. Most requests concerned accounts located in the United States (34.5%), the United Kingdom (8.8%) and Germany (8.5%).

JammingAnother exchange based in the United States, also reported A decrease in global data requests in 2024. The company’s transparency report showed a total of 10,707 requests for the period, a decrease of approximately 18% compared to 2023.

Despite the overall decrease, the American police have always constituted the share of lion’s requests, representing approximately 81% of all requests for application of the law. Germany, the United Kingdom, France, Spain and Australia were among the other leading countries requesting data. In particular, Germany saw a drop in requests, from 1,906 in 2023 to 1,269 in 2024, while Singapore requests saw a massive increase (+ 221%), going from 34 requests in 2023 to 109 in 2024.