{"id":181069,"date":"2023-09-08T01:39:01","date_gmt":"2023-09-08T01:39:01","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181069"},"modified":"2023-09-08T01:39:01","modified_gmt":"2023-09-08T01:39:01","slug":"coinbase-signals-eu-canada-brazil-singapore-and-australia-as-priorities","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/coinbase-signals-eu-canada-brazil-singapore-and-australia-as-priorities\/","title":{"rendered":"Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities"},"content":{"rendered":"
Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.<\/p>\n
In a Sep. 6 blog post, Coinbase\u2019s international business VP, Nana Murugesan and international policy VP, Tom Duff Gordon, marked the European Union, United Kingdom, Canada, Brazil, Singapore and Australia as \u201cnear-term priority markets.\u201d<\/p>\n
The pair said the countries are \u201cenacting clear rules\u201d and Coinbase would focus on \u201cacquiring licenses, registering, and establishing and strengthening operations\u201d in them.<\/p>\n
\u201cEvery part of the world is seeing progress on crypto-forward regulation \u2014 except for the U.S., which is opting for a \u2018strategy\u2019 of enforcement of existing rules and new regulations through the courts,\u201d the pair wrote.<\/p>\n
They added the country is \u201csidelining itself\u201d on crypto regulations which puts at risk its influence over the space.<\/p>\n
\u201cWe\u2019re committed to helping to update the global financial system and providing more economic freedom and opportunity, and won\u2019t stand idle just because the U.S. is,\u201d they wrote. <\/p>\n
The crypto exchange faces regulatory action in its native U.S. \u2014 with a lawsuit from the Securities and Exchange Commission accusing it of selling unregistered securities and operating illegally.<\/p>\n
Coinbase\u2019s new priority markets are part of the second phase of its expansion plans \u2014 which it dubbed \u201cGo Broad, Go Deep.\u201d<\/p>\n
It outlined its plans to establish partnerships with global and local banks and payment providers to expand its fiat ramps along with assuring its governance systems are compliant.<\/p>\n
Related: <\/em><\/strong>Aave, Circle, Base become founding members of Tokenized Asset Coalition<\/em><\/strong><\/p>\n Its lobbying and visibility efforts will also intensify ahead of the EU elections next June.<\/p>\n It flagged plans to engage with the G20 aiming to create global crypto standards and will keep a \u201cscorecard\u201d on each country’s crypto regulatory progress.<\/p>\n Coinbase is seemingly focusing its G20 lobbying efforts on Brazil \u2014 set to take the G20 chair in 2024.<\/p>\n In March, Coinbase expanded its offering in Brazil and according to the blog post co-founder and CEO Brian Armstrong will visit the country later this year \u201cto engage with key decision-makers and stakeholders.\u201d <\/p>\n Magazine: <\/em><\/strong>Asia Express: Thailand\u2019s national airdrop, Delio users screwed, Vietnam top crypto country<\/em><\/strong><\/p>\n