Kraken Reports 475 Law Enforcement Inquiries, Almost Thrice Of What It Received In 2017

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Kraken_Reports_475-Law-Enforcement-Inquiries-Almost-Thrice-Of-What-It-Received-In-2017 Kraken Reports 475 Law Enforcement Inquiries, Almost Thrice Of What It Received In 2017Kraken, a cryptocurrency exchange, in a recent tweet on Saturday, Jan 5th, 2019, published a law enforcement inquiries report, mentioning a three-fold increase in law enforcement inquiries in 2018, compared to 2017. The exchange revealed its inquiry data, according to which in 2017 Kraken received 160 law enforcement inquiries from government agencies all over the world, and almost thrice of it, is what the exchange received in 2018, i.e. 475. Furthermore, the 2017 numbers were considerably more than 2016, when the exchange received only 71 inquiries.

Adding further, the tweet also mentioned the prevalence of US agencies among the inquiries. The tweet mentioned that out of the total 475 inquiries made in 2018, a staggering 315 were made by US agencies, which includes the FBI, HSI, CIA, IRS, SEC, and other government bodies, stating it as the reason why many businesses choose to block US users.

Earlier, on Thursday, Dec. 6th 2018, Miami-based United American Corp. (UnitedCorp) filed a lawsuit against Bitmain, Bitcoin.com, Roger Ver, the Kraken Bitcoin Exchange and other individuals, alleging that the defendants jointly manipulated the Bitcoin Cash (BCH) network, in a well-planned manner for their own benefit, which caused the global BCH meltdown, claiming their actions detrimental to BCH stakeholders.