Coinbase CEO Brian Armstrong has recently highlighted the effectiveness of Canadian crypto regulations. Speaking at a fireside chat in Toronto, Armstrong lauded Canada’s streamlined regulatory approach, which contrasts with the more complex landscape in the United States. His commendation comes as Coinbase, a significant crypto player, strides into the Canadian market.
Canada’s Regulatory Edge
Treating cryptocurrency as a security, the Canadian system demands compliance with strict investor protections. This approach led to significant exchanges like FTX and Binance exiting the Canadian market, showcasing the country’s firm stance on unregistered crypto exchanges. Armstrong noted this as a point of superiority over U.S. regulatory methods, stating Canada’s more explicit guidelines in this evolving industry.
Coinbase’s Canadian Chapter
Coinbase, having agreed to the regulatory undertakings in March, officially commenced operations in Canada in August. This expansion includes a
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