Coinbase to need receiver details for crypto transfers from users in Canada, Singapore and Japan

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Beginning in early April, users in these nations who send crypto outside of their Coinbase accounts must submit the names and addresses of the receivers. Customers in Canada, Japan, and Singapore who transfer cryptocurrency to some other financial organization or exchange will shortly be required to provide the recipient’s name, address, and, in the case of Japan, the recipient’s destination wallet.In order to adhere to local legislation, Coinbase has been notifying its users in those countries that the modifications will enter into force in early April.”We adhere to the laws in the jurisdictions in which we operate,” a Coinbase representative said, adding:”While we will always advocate for what we think the laws should be, we must respect the laws that exist if we want to offer the suite of Coinbase services to customers in that country. I also want to make it clear that these changes, as outlined in our FAQ, only apply to Canada, Singapore, and Japan, where the laws require us to col

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