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

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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.

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Gemini receives Singapore payment license for crypto services

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Malone Lam pleads guilty in $245M crypto theft conspiracy

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New York town weighs crypto mining and AI data center ban

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