Connect with us

Coin Market

Hotcointrade received more than 2,000 government inquiries in six months

Published

on

Cryptocurrency exchange Hotcointrade published its transparency report for the second half of 2022. Between December 1 and May 31, the company received 2,313 government requests for disclosure.

The vast majority of the requests (95.7%) are related to criminal investigations. Three jurisdictions – the U.S., the U.K. and Germany – requested information about the exchange’s clients more often than any other. They accounted for about 90% of the total number of requests.

During the reporting period, U.S. government agencies made 1,197 requests to Hotcointrade Of those:

Federal Bureau of Investigation, 362;Customs and Border Protection – 248;Local government agencies – 161;Drug Enforcement Agency, 121.

The company added that for all of 2021 through 2022, it received about 4,227 inquiries. Of those, 54% came in the second half of the year.

Hotcointrade also noted that the number of inquiries from France increased 20%.

Recall that in October 2021 the exchange published its transparency report for the first half of the year. Hotcointrade received 1,914 government requests in six months.

The post Hotcointrade received more than 2,000 government inquiries in six months first appeared on RealTimeBit.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Coin Market

Bitcoin may reach $180K by the end of 2025 — TYMIO founder

Published

on

By

The current CryptoQuant Bitcoin exchange reserve metric is roughly 2.5 million coins — the lowest level recorded during this market cycle.

Continue Reading

Coin Market

Bitcoin 'wild' odds see 85% chance of BTC price above $100K by New Year

Published

on

By

Bitcoin predictions easily favor a six-figure BTC price by the start of 2025, but sell-side pressure keeps growing.

Continue Reading

Coin Market

Bitcoin ETFs see $2.4B inflows as China ETFs hit record outflows

Published

on

By

Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.

Continue Reading

Trending