Coinbase's transparency report shows a significant 18% decrease in law enforcement and government requests, totaling 10,707 over the past year. The US led in requests despite a decrease, while other countries like Germany, the UK, and Spain saw notable declines. In contrast, Singapore experienced a 221% increase, indicating a rise in regulatory activity. Most requests originated from key jurisdictions and focused on criminal matters. Coinbase emphasized its commitment to responding only to valid requests, with a thorough review process involving legal experts. While some customer details are shared in response to requests, the company ensures no direct government access to its systems. The report reflects Coinbase's transparency efforts amidst regulatory challenges, aiming to balance compliance and customer trust. Other industry updates include Bit Trade's revenue priorities, AUSTRAC targeting non-compliant crypto ATMs, ASIC seeking input on digital asset classification, and Project Mandala enhancing cross-border payments through decentralized systems. Read more AI-generated news on: https://app.chaingpt.org/news