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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.
Brian Armstrong, CEO, Coinbase, Source: LinkedIn
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 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.
Coinbase secures restricted dealer license in Canada, pushing expansion abroad amid SEC crackdown https://t.co/zVU1zY21jW
— CNBC Tech (@CNBCtech) April 4, 2024
Coinbase Continues Global Expansion with Canada Registration
Canada is recognized as a significant market for Coinbase,
known for its tech ecosystem and notable levels of cryptocurrency
awareness among its population. The registration as a Restricted Dealer
represents one of several steps taken by Coinbase to expand its presence in
Canada, including the official launch in August 2023 and the establishment of a
Canadian tech hub .
The registration in Canada adds to Coinbase’s growing list
of registrations in key countries, including France, Spain, Singapore, Italy,
Ireland, and the Netherlands.
Meanwhile, a federal judge in Manhattan has allowed the US
Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
despite dismissing one claim. The decision sets the stage for a potentially
lengthy legal battle, marking a notable development in the ongoing regulatory
scrutiny of digital assets firms.
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.
Brian Armstrong, CEO, Coinbase, Source: LinkedIn
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 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.
Coinbase secures restricted dealer license in Canada, pushing expansion abroad amid SEC crackdown https://t.co/zVU1zY21jW
— CNBC Tech (@CNBCtech) April 4, 2024
Coinbase Continues Global Expansion with Canada Registration
Canada is recognized as a significant market for Coinbase,
known for its tech ecosystem and notable levels of cryptocurrency
awareness among its population. The registration as a Restricted Dealer
represents one of several steps taken by Coinbase to expand its presence in
Canada, including the official launch in August 2023 and the establishment of a
Canadian tech hub .
The registration in Canada adds to Coinbase’s growing list
of registrations in key countries, including France, Spain, Singapore, Italy,
Ireland, and the Netherlands.
Meanwhile, a federal judge in Manhattan has allowed the US
Securities and Exchange Commission to proceed with a lawsuit against Coinbase,
despite dismissing one claim. The decision sets the stage for a potentially
lengthy legal battle, marking a notable development in the ongoing regulatory
scrutiny of digital assets firms.
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