Coinbase CEO: Due to the outdated regulatory environment in the U.S. compared to financial centers like Hong Kong, adjustments to investments will be made accordingly

2023-03-16 10:18:06

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ChainCatcher message, regarding "Coinbase opens local bank transfer services for Singapore users for free," Coinbase CEO Brian Armstrong stated on Twitter: "The U.S. regulatory environment is lagging behind other major financial centers (UK, Singapore, Hong Kong, etc.) in creating a clear regulatory handbook for cryptocurrencies. We will adjust our investments accordingly."

Yesterday's news, Coinbase announced that it will open local bank transfer services for Singapore users through a new strategic banking partnership with Standard Chartered Bank, allowing Singapore users to transfer funds to their Coinbase accounts for free using any local bank. Additionally, Coinbase has introduced Singpass to make it easier for users to join the platform. (Source link)

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