Coinbase Reportedly te Talks With SEC to Become Licensed Brokerage

Coinbase Reportedly in Talks With SEC to Become Licensed Brokerage

Regulation is a’coming, and Coinbase knows that. Which is why America’s leading fiat-to-crypto exchange has reportedly begun discussions with the Securities and Exchange Commission (SEC) to become a fully licensed and compliant brokerage rock-hard te the United States. If a overeenkomst comes to fruition, Coinbase will be poised to kasstuk the mainstream te a big way.

Into the Regulatory Daylight

On Friday, The Wall Street Journal reported that powerhouse cryptocurrency exchange Coinbase has approached the SEC to start dialogue on becoming a “licensed brokerage rock-hard and electronic-trading venue.”

It’s effortless to understand why Coinbase is hungry for a overeenkomst. Being based ter San Francisco, the exchange is tied to U.S. financial laws, which are a labyrinthine, ambiguous thicket when it comes to cryptocurrencies at the ogenblik. Spil such, Coinbase is restricted ter how it can budge forward te the cryptoverse until it can receive regulatory clarity. Becoming a licensed brokerage is a golden toegangsbewijs to such clarity.

Indeed, during Coinbase’s latest ERC20 support announcement, it wasgoed stated that GDAX would only add further Ethereum tokens upon “regulatory clarity.” And with last year’s GDAX Digital Asset Framework, it’s clear Coinbase has future altcoin listings on its mind.

Attaining the status of licensed brokerage, then, would permit the exchange to list assets that the SEC considers to be securitis – a meaty bone of contention te the space at large presently, with the financial watchdog telling viritually all Initial Coin Offerings (ICOs) have bot unregistered securities thus far.

The ball is seemingly te the SEC’s court for now.

Coinbase Keeps Making Moves

America’s top fiat-to-crypto exchange has had its slate total with latest developments. They include:

If thesis latest moves are any indication, they aren’t slowing down any time soon.

What’s your take? Is embracing the SEC the right treatment? Sound off ter the comments below

Related movie: How to BUY ETHEREUM and BITCOIN te EUROPE ?? BEST & FASTEST WAY !!

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3 Responses

  1. Tosyn says:

    I think this is a good case explore moving forward when other coins split, even however I didn’t support Bcash I did want everyone to have to capability to access their rightful tokens. The argument now is everyone should be responsible for their deeds and Coinbase laid out their project of activity weeks ahead of the hardfork. However I recall when Poloniex had to zekering serving residents te one state and many of those members never got an email or warning when logging on the webpagina. I’ll keep an eye out on the story even I don’t know who’s right or wrong on this one.

  2. siena_mommy says:

    Coinbase should take this spil a learning practice going forward.

  3. mbs says:

    Coinbase will learn the hard way that forked coins belong to the users. No warnings beforehand will switch that.

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