Crypto Updates

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 (CSA). 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 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 Continues…

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