In Friday's edition of The Daily, Shapeshift emulates Kraken by sharing details of the compliance requests it fields from law enforcement. We also look at the Bitcoin maximalists who just can't stop making eyes at the latest privacy coin on the block, Grin.

Shapeshift Discloses LE Compliance Requests

Mirroring the actions of U.S. exchange Kraken, Shapeshift has published a blog post detailing how it handles law enforcement (LE) compliance requests. The noncustodial crypto changing service has revealed that it received 60 LE requests last year, with U.S. agencies accounting for 18 of these. "We believe in educating our customers and the broader industry to these occurrences," explained Shapeshift. The three-letter U.S agency that submitted the most requests to the company was the FBI, followed by the SEC.

Elaborating on the nature of the requests it receives from LE, Shapeshift wrote:

The requested information can vary wildly. It could be something as simple as a crypto address (in or out of our system), transaction IDs, or it could include names, emails, IP addresses, coins/asset information and more.

The blog post finished: "Shapeshift has always held financial transparency as a core principle, and for this reason, we felt the world should know that these types of law enforcement requests happen – almost continuously."