Coinbase petitions SEC explaining why staking is not securities
Coinbase cryptocurrency exchange talks about crypto staking in the industry, petitioning the securities and exchange commission (SEC) with an explanation as to why staking cannot be generally classified as securities. The “Rulemaking Petition” was released by Coinbase on March 20. In an 18-page report, the company analyzed how securities legislation considers services associated with establishing […]
Coinbase plans on opening new crypto trading platform overseas
According to reports, Coinbase, which is now based in the United States, plans to establish a cryptocurrency trading platform abroad. A March 17 Bloomberg report claims that Coinbase spoke with some of its institutional clients about establishing the non-U.S. platform. The decision was reportedly made at a time when many American lawmakers and regulators were […]
Coinbase launches zero-fee local bank transfers in Singapore
Coinbase now offers free cash deposits and withdrawals using regional bank transfers for its Singaporean customers. Customers can now transfer money for free via Standard Chartered bank to and from their Coinbase accounts. As part of its worldwide development strategy, the cryptocurrency exchange Coinbase has made free fiat deposits and withdrawals available to its Singaporean […]
Coinbase suspends BUSD trading amid regulatory concerns
The Binance USD stablecoin’s trade has been suspended, according to an announcement from US-based cryptocurrency exchange Coinbase. On February 27, the exchange claimed “listing standards” as the justification for its choice to stop allowing BUSD trading on March 13. The announcement from February stated: “We regularly monitor the assets on our exchange to ensure they […]
Coinbase new layer-2 network may include AML measures
Brian Armstrong, the CEO of Coinbase, has made a suggestion that the company’s upcoming layer-2 blockchain network Base may be launched with transaction monitoring and anti-money laundering controls. Armstrong stated that Base currently has some centralized components in an interview with Joe Weisenthal on Bloomberg Radio on March 6, but he also said that “it […]