How This Coinbase Proposal Seeks to “Safeguard The U.S. Financial Leadership”
Leading crypto exchange Coinbase has launched a “Digital Asset Policy Proposal”. In a blog post written by the company’s Chief Policy Officer Faryar Shirzad, they have set out to “safeguard America’s Financial Leadership”. Related Reading | Coinbase Announces NFT Marketplace There has been a lot of attention on cryptocurrencies and their industry in 2021. Most U.S. […]
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Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.”
Coinbase’s Proposal for Crypto Regulation
The Nasdaq-listed cryptocurrency exchange Coinbase published its Digital Asset Policy Proposal (DAPP) Thursday.
Coinbase CEO Brian Armstrong tweeted: “Today we’re....
One of the crypto industry's major players seeks to boost the public debate on how to best fit digital assets into the regulatory perimeter. On Oct. 14, cryptocurrency exchange platform Coinbase published its Digital Asset Policy Proposal, a document offering both a justification and conceptual framework for comprehensive regulation of digital assets in the United States.Coinbase presented the proposal as a product of dozens of meetings with industry participants, policymakers, crypto innovators and academics that the company’s representatives had held in the last several weeks.The firm’s....
The European Commission – the executive arm of the European Union – has proposed a directive aimed preventing the use the financial system for terrorist financing which includes a central database for bitcoin and virtual currency users’ identities and wallet addresses accessible to government financial intelligence units (FIUs). The proposal seeks to require member states to bring into force the regulations necessary to comply with this directive by Jan. 1, 2017. The updated anti-money laundering rules adopted May of 2015 marked an important step to improve the effectiveness of EU attempts....
The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal.
Coinbase Meeting Congress Members and Crypto Firms on Regulatory Framework for Crypto
Coinbase is on a mission to influence crypto regulation in the U.S. CEO Brian Armstrong tweeted Thursday:
We’ve now met with 30+ crypto firms, 25+ members of congress....
Brian Armstrong, CEO of record-funded Bitcoin wallet service and exchange Coinbase, plans a code update to allow for bigger blocks in the second week of December, and has indicated he prefers BIP (Bitcoin Improvement Proposal) 101. This makes Coinbase the latest Bitcoin industry heavyweight to endorse the proposal as adopted by alternative Bitcoin implementation Bitcoin XT, although the company is still open to other solutions. Armstrong recently sent out a series of tweets in support of a block-size increase, in which he stated the intention to upgrade his company's code by December. It....