Coinbase Goes Offshore with New Bermuda License

American crypto exchange Coinbase has expanded in international presence by obtaining a new regulatory license from Bermuda Monetary Authority (BMA), an official blog post on Wednesday revealed.

The Class F License under the Digital Asset Business Act will allow Coinbaseto offer crypto exchange services from the offshore island and other services like token sales and issuance. According to Fortune, Coinbase is set to launch a Bermuda-based crypto derivatives exchange as early as next week.

“Bermuda was one of the first financial centers to pass comprehensive digital assets 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 in 2018, and its regulatory environment is long known for a high level of rigor, transparency, compliance
Compliance

In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a

In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a…