Law enforcement requests to cryptocurrency commutation Kraken striking their highest ever book in 2022, ascent 49% to 710 equally compared with 475 the previous year.

The data was revealed in a tweet from the exchange on January. 6, which included a snapshot taken from the new 2022 Transparency Report from Kraken'south compliance team.

Screenshot, 2022 Global Law Enforcement Requests

Screenshot, 2022 Global Law Enforcement Requests. Source: @krakenfx

American, British and Danish agencies the most proactive

As the snapshot reveals, Kraken received a full of 710 information requests from global law enforcement agencies in 2022, marker a sharp increase as compared with both 475 in 2022 and 160 in 2022.

The lion's share of these requests — 61% — were from United States agencies, slightly down from 66% in 2022. In its tweet, Kraken noted that even while the U.S. remains alee of other countries, "other geos are gaining fast."

Noting the overall uptick in requests globally, the exchange team added: "tendency is obvious. [Compliance] costs are increasing [for cryptocurrency exchanges], even in a relatively flat market."

Post-obit the U.S., agencies from the United Kingdom and Denmark intervened to issue the about information requests from the exchange — these top three countries each significantly outstripping agencies in other global jurisdictions, equally Kraken's information visualization indicates.

Within the U.South., the FBI accounted for the highest number of requests, 116, followed by the Drug Enforcement Administration, with 73, and Homeland Security Investigations together with Immigration and Customs Enforcement, at 65.

2 agencies closely watched by members of the cryptocurrency community — the Securities and Exchange Commission and the Internal Acquirement Service — issued 20 and 29 data requests in 2022 respectively.

Globally, i,222 Kraken accounts were implicated in police enforcement's data requests, and 62% of all requests resulted in data being handed over to the authorities. Kraken reveals that almost a 3rd — 28% — of all law enforcement requests were deemed invalid, i.due east. did not meet the exchange'due south constabulary enforcement production policy or local legal requirements.

Consistent uptick

One year ago, Cointelegraph reported on Kraken's Transparency Written report 2022, which had indicated a iii-fold uptick in data requests equally compared with the previous year and similarly revealed that agencies in the U.S. and the U.Chiliad. were the most interventionist globally.

A Transparency Report released by Switzerland-based cryptocurrency substitution ShapeShift in January 2022 revealed that it also saw a significant increment in requests from law enforcement, with a 175% surge in the 2d half of 2022.

At the time, Shapeshift outlined that it typically receives requests for data including crypto addresses (in or out of the Shapeshift organisation), transaction IDs, identity information (names, emails, IP addresses), and cryptocurrency or crypto-nugget information.