Fun

News Feed - 2023-09-08 10:09:21

Jesse Coghlan7 hours agoCoinbase signals EU, Canada, Brazil, Singapore and Australia as prioritiesThe crypto exchange’s focus on non-U.S. markets is part of the next phase in its expansion plans.1845 Total views35 Total sharesListen to article 0:00NewsJoin us on social networksCoinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.


In a Sept. 6 blog post, Coinbase’s vice presidents for international business and international policy, Nana Murugesan and Tom Duff Gordon, marked the European Union, United Kingdom, Canada, Brazil, Singapore and Australia as “near-term priority markets.”


The pair said the countries are “enacting clear rules” and Coinbase would focus on “acquiring licenses, registering, and establishing and strengthening operations” in them.Globally, countries are vying to become crypto hubs. Regulatory clarity has emerged in the EU, UAE, China (HK), Singapore, Australia and Canada, to name a few.— Coinbase ️ (@coinbase) September 7, 2023


“Every part of the world is seeing progress on crypto-forward regulation — except for the U.S., which is opting for a ‘strategy’ of enforcement of existing rules and new regulations through the courts,” the pair wrote.


They added the country is “sidelining itself” on crypto regulations which puts at risk its influence over the space.


“We’re committed to helping to update the global financial system and providing more economic freedom and opportunity, and won’t stand idle just because the U.S. is,” they wrote.


The crypto exchange faces regulatory action in its native U.S., with a lawsuit from the Securities and Exchange Commission accusing it of selling unregistered securities and operating illegally.“Go Broad, Go Deep” goes phase 2


Coinbase’s new priority markets are part of the second phase of its expansion plans — which it dubbed “Go Broad, Go Deep.”


It outlined its plans to establish partnerships with global and local banks and payment providers to expand its fiat ramps along with assuring its governance systems are compliant.


Related:Aave, Circle, Base become founding members of Tokenized Asset Coalition


Its lobbying and visibility efforts will also intensify ahead of the EU elections next June.


It flagged plans to engage with the G20 aiming to create global crypto standards and will keep a “scorecard” on each country"s crypto regulatory progress.


Coinbase is seemingly focusing its G20 lobbying efforts on Brazil — set to take the G20 chair in 2024.


In March, Coinbase expanded its offering in Brazil and according to the blog post, co-founder and CEO Brian Armstrong will visit the country later this year “to engage with key decision-makers and stakeholders.”


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Asia Express: Thailand’s national airdrop, Delio users screwed, Vietnam top crypto country# Coinbase# Law# Asia# Business# Brazil# Europe# G20# Policies# RegulationAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Crypto VC: Risk and investment strategies with Shima CapitalRon DeSantis’ falling polls: Could crypto lose its candidate?

News Feed

Zhiyuan Sun8 hours agoChina launches blockchain-powered data exchangeThe platform will facilitate the buying and selling of Web3 data among enterprises, with Alibaba Cloud and Huawei among the companies to participate.11
Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review
Joe Biden Freezes FinCEN"s Crypto Wallet Rulemaking — US Crypto Regulations Under Review New U.S. President Joe Biden has frozen all agency rulemaking, includi
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency
American Economists Are Baffled by an "Unusual Situation" as Russia"s Ruble Is the World"s Best Performing Fiat Currency Two months after the Russian ruble fell below a U.S. penny,
Netflix Announces Documentary About Quadrigacx’s Downfall
Netflix Announces Documentary About Quadrigacx"s Downfall Netflix, the world’s largest video streaming company, has announced it is working on a documentary that deals with
David Attlee1 hour agoBarnBridge DAO votes to comply with SEC orderThe voting ended with a unanimous decision to comply with the SEC’s potential demands and pay fines if necessary.302 Total views10 Total sharesListen t
The IRS Will Now Ask if You Own Crypto in the Most Widely Used US Tax Form
The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, th
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours
Terra"s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours During the last 24 hours, crypto asset prices have improved as the global cryptocurrency mar
Turner Wright4 hours agoUS House Financial Services Committee leadership takes opposing sides on the PayPal stablecoinRep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framewo
A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity
A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity A Russian company is leveraging the Siberian city of Norilsk located above the A
David Attlee12 hours agoVenezuela extends reorganization shutdown of crypto agency to March 2024The government will spend six additional months reorganizing the entity, which it shut in March 2023.1673 Total views4 Total
Researcher’s Scathing Lightning Network Analysis Finds Flaws
Researcher"s Scathing Lightning Network Analysis Finds Flaws On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network