Crypto Exchange Coinbase got licence in Bermuda

Coinbase is one of the leading cryptocurrency exchanges based in the USA. This exchange also has multiple countries and their still expanding their operations in many other countries which is good because this way more people will get access to the cryptocurrencies. If we are expecting mass adoption then we need to bring more people on board. Expansion of exchanges in many countries is a necessary step to make cryptocurrency accessible to more people and this is what should be happening on a bigger scale.

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Coinbase has got the license to operate in Bermuda and this is a good sign for them because now one country will be covered by them where people will have the access to a leading report trading platform. The user interface of coinbase is quite simple and easy to use which is what is needed for beginners in crypto to be familiar with so that initial learning can be super easy for people. Exchanges already have a presence in other bigger countries part India is not one because they had to go through difficulties here which is why they stopped their operation in the country.

The coin base exchange also had to go through the allegations by SEC and things are still not smooth for the game. I went a news article last week that coinbase move away from us because of regulatory issues by sec but I think it is too early to decide the exchange has got a huge presence in the country and they also have a listing on the stock exchange.

Regulators and law enforcement agencies in the U.S. have stepped up actions against crypto firms this year, following a series of industry blowups in 2022. In March the U.S. Securities and Exchange Commission (SEC) threatened to sue Coinbase over certain products. Coinbase has obtained a license from the Bermuda Monetary Authority, which allows it to operate as a digital asset business there

Its good that some exchanges like Coinbase, Binance, Kucoin, etc are expanding their global presence but things are not good for them in the US after SEC's strict actions. SEC is an authority in the USA that has been questioning many crypto companies about crypto assets and even XRP as a project has been struggling for a long time. The USA was one of the countries which were like an example but seem now things are not so good and it is not a good sign. I just hope that the SEC does whatever is needed to bring regulation but not by disturbing the existing crypto infrastructure. There are ways that can be followed to bring regulations that can help to safeguard investors but crypto exchanges also need to be dealt with proper way.

Thank you