Is the Wild West of the crypto market nearing its end? Coinbase is negotiating with SEC

Currently, the crypto market is still in a kind of Wild West time. However, every week there is news about regulations for crypto currencies.

Thus, the crypto-exchange Coinbase, according to COO Asiff Hirjii, is about to get important licenses issued by the US Securities Authority (SEC). The COO of Coinbase announces in a blog post that they are well on the way to offering crypto securities regulated by the SEC soon.

Accordingly, one wants to offer in future a regulated and thus legal broker for Blockchain based securities under the supervision of the SEC and the Financial Supervisory Authority Financial Industry Regulatory Authority (FINRA). The license to the broker has already been applied for. In addition, Coinbase expects a license for the trading system and an investment advisor license.

Asiff Hirjii is in the blog post on Medium very euphoric:

"We believe this is a big step for the crypto-ecosystem. It's also a sign that the industry is maturing. As they go through the applications, Coinbase will be able to offer new products in the future. ''

Certainly, such licenses will give confidence to investors who are deterred by the currently unregulated crypto-coins to invest. However, what this means for the decentralization of many crypto-currencies in the medium and long term will be seen. At least the crypto-ecosystem seems to be mature.

However, there are the first negative examples. The Japanese crypto exchange Coincheck announces that four crypto currencies can no longer be traded on the platform from mid-June. This ban hits Monero (XMR), Zcash (ZEC), Dash (DASH) and Augur (REP). Coincheck complies with the requirements of the Japanese tax authority Financial Services Agency (FSA).

source: https://blog.coinbase.com/coinbase-institutional-deea317d23af