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Kraken exchange: the number of requests from the authorities for disclosure of information increased by 49%

Kraken exchange: the number of requests from the authorities for disclosure of information increased by 49%

The number of requests for disclosure received from the authorities by the Kraken cryptocurrency exchange in 2019 increased by 49% compared to the previous year.

According to data published by the exchange on the social network Twitter, a total of 710 such requests were received in 2019, while in 2018 their number was 475. At the same time, the most requests were received from the American authorities – 432, and law enforcement agencies in the UK sent 86 requests.

These requests concerned 462 accounts of users from the United States, and 147 users from the United Kingdom. The list also contains 19 requests for accounts of Russian citizens. As for individual regulatory and law enforcement agencies, the most requests came from the FBI – 116. 20 requests were received from the us securities and exchange Commission (SEC).

“America is still the leader on this issue, although it is slightly losing ground. At the moment, it accounts for 61% of the total number of requests, while last year this state accounted for 66%. This is due to the fact that other countries are also beginning to gain ground. The trend is more than obvious – regulators and law enforcement agencies are increasingly interested in the data of individual users, ” explains the exchange.

In 2018, Kraken representatives reported that the authorities started contacting them 3 times more often. Many companies are more profitable to block American users than to give them access to their products, as this threatens to increase costs due to the high activity of local regulators.