Binance Accusations Prove “Following the Rules” Was the Right Decision – Coinbase CEO

Brian Armstrong reflected on THE announcement of criminal charges against Binance, declaring that Coinbase decision has get licenses was that's correct.

News Join We on social networks

Brian Armstrong, CEO of crypto exchange Coinbase, think that her business do THE RIGHT decision has conform with United States money issuer Licence laws.

In A Nov. 21 social media job, Armstrong weighed In on THE news that rival exchange Binance East pleading guilty has criminal charges, declaring that he East thrilled her own exchange decided has get money issuer licenses, even However he put THE business has A competitive disadvantage.

From THE foundation of Coinbase back In 2012 We to have taken A long term see. I knew We necessary has to kiss compliance has become A generational business that stood THE test of time. We obtained THE licenses, hiring THE compliance And legal the teams, And do he clear OUR brand was about trust…

— Brian Armstrong ️ (@brian_armstrong) November 21, 2023

"I knew We necessary has to kiss compliance has become A generational business that stood THE test of time," Armstrong declared, add that her team "obtained THE licenses, hiring THE compliance And legal the teams, And do he clear OUR brand was […] following THE rules. »

Armstrong recognized that her the team compliance strategy slow motion THE the company growth, declaring that "We I could not always move as quickly as others," as It is "more difficult And Dear has take A compliant approach." However, Armstrong claims her the team approach was correct because "We believe In THE ruler of law. »

Related: