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Your email address will not be published.

Coin Market

Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs

Published

on

By

According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions.

Continue Reading

Coin Market

XRP price could rally by 50% based off comments from a former SEC director

Published

on

By

XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher.

Continue Reading

Coin Market

What remains in the NFT market now that the dust has settled?

Published

on

By

From profile pictures to celebrity endorsements, NFT space has changed a lot since the market boom in 2021.

Continue Reading

Trending