tl;dr
Kraken has seen a 40% increase in law enforcement and regulatory data requests in 2024, with the US accounting for the largest share at 28.6%. The FBI led with 614 requests, and the US SEC contributed 37.3% of regulatory agency inquiries. Despite the surge, Kraken only complied with 57% of requests,...
Kraken has reported a 40% increase in law enforcement and regulatory data requests in 2024, reflecting a notable rise in inquiries from the United States, Germany, and the United Kingdom. Despite this surge, the exchange only complied with 57% of requests, emphasizing its commitment to privacy protection while balancing regulatory compliance.
In the United States, authorities submitted the largest share of requests, accounting for 28.6% of the total, with the FBI leading with 614 requests and the Securities and Exchange Commission (SEC) contributing 37.3% of regulatory inquiries. Most US inquiries came from law enforcement agencies, and the requests sought information on 10,369 accounts, primarily linked to US, UK, and German users.
On a separate note, Kraken is planning to reenter the Indian market after being banned in 2024 for non-compliance with Anti-Money Laundering and Counterfinancing of Terrorism (AML-CFT) laws. The exchange has appointed advisors and strategists for its reestablishment, signaling its intent to return to the Indian market.