Coinbase Receives Official Registration as Canadian Restricted Dealer

Coinbase, the international cryptocurrency exchange, has
achieved a milestone in its expansion efforts by becoming officially registered
as a restricted dealer by the Canadian Securities Administrators. With
this development, Coinbase has become the first international cryptocurrency
exchange to be registered in Canada.

The registration process, which has been in progress since
March 2023, underscores Coinbase’s focus on regulatory compliance. Through
close collaboration with Canadian regulators, Coinbase has worked to establish
a policy framework.

Coinbase’s CEO, Brian Armstrong, expressed appreciation for
the efforts of Canadian regulators in bringing clarity to the cryptocurrency
market. Additionally, Coinbase has engaged with Canadian banks, investment
advisors, and pension funds to facilitate their successful navigation of the
evolving digital asset landscape.

A recent survey conducted by Coinbase in partnership with
Angus Reid revealed that a significant majority of Canadians (72%) view the
regulation
Regulation

Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (

Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority (
Read this Term of cryptocurrency exchanges as important. Furthermore, nearly a
third of Canadians (29%) indicated that they would be more inclined to buy
cryptocurrency if there were more regulations in place.