Coinbase names EU, Canada, Brazil, Singapore and Australia as priorities
The cryptocurrency exchange's focus on non-U.S. markets is part of a next phase of its expansion plans , the company said.
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Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their relatively clearer crypto laws.
In a September 6 blog post, Nana Murugesan, vice president of international affairs at Coinbase, and Tom Duff Gordon, vice president of international policy, called the European Union, the United Kingdom, the Canada, Brazil, Singapore and Australia as "short-term priority markets". »
Both countries said that the countries are "adopting clear rules" and that Coinbase would focus on "acquiring licenses, registration, and establishing and strengthening operations" in these countries.
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Globally, countries are competing to become centers of cryptography. Regulatory clarity has emerged in the EU, UAE, China (HK), Singapore, Australia and Canada, to name a few.
– Coinbase️ (@coinbase) September 7, 2023"All regions of the world are seeing progress in regulating cryptocurrencies, with the exception of the United States, which is opting for a "strategy" of enforcing existing rules and new regulations through courts,” the two men wrote.
They added that the country is “stepping aside” when it comes to crypto regulation, which endangers its influence in the space.
“We are committed to helping modernize the global financial system and providing greater economic freedom and opportunity, and we will not stand idly by just because the United States is,” they wrote .
The cryptocurrency exchange is facing regulatory action in its home country of the United States with a lawsuit from the Securities and Exchange Commission.
The cryptocurrency exchange's focus on non-U.S. markets is part of a next phase of its expansion plans , the company said.
News
Join us on social networks
Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their relatively clearer crypto laws.
In a September 6 blog post, Nana Murugesan, vice president of international affairs at Coinbase, and Tom Duff Gordon, vice president of international policy, called the European Union, the United Kingdom, the Canada, Brazil, Singapore and Australia as "short-term priority markets". »
Both countries said that the countries are "adopting clear rules" and that Coinbase would focus on "acquiring licenses, registration, and establishing and strengthening operations" in these countries.
/p>
Globally, countries are competing to become centers of cryptography. Regulatory clarity has emerged in the EU, UAE, China (HK), Singapore, Australia and Canada, to name a few.
– Coinbase️ (@coinbase) September 7, 2023"All regions of the world are seeing progress in regulating cryptocurrencies, with the exception of the United States, which is opting for a "strategy" of enforcing existing rules and new regulations through courts,” the two men wrote.
They added that the country is “stepping aside” when it comes to crypto regulation, which endangers its influence in the space.
“We are committed to helping modernize the global financial system and providing greater economic freedom and opportunity, and we will not stand idly by just because the United States is,” they wrote .
The cryptocurrency exchange is facing regulatory action in its home country of the United States with a lawsuit from the Securities and Exchange Commission.
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