Thursday, June 1, 2023

Coinbase Urges US To Boost Crypto Adoption “Whether It Will Be A Global Leader Remains To Be Seen”

Coinbase Urges US To Boost Crypto Adoption “Whether It Will Be A Global Leader Remains To Be Seen”

Coinbase, the second largest exchange in the world and the most important in the United States, published a large thread on its official Twitter, in which it listed several benefits of the cryptocurrency market compared to the traditional financial system and encouraged the government to promote it. adoption He also confirmed his commitment to collaborate with the authorities.

“Crypto is not going anywhere. But whether the United States will be the world leader remains to be seen. Crypto can help upgrade our aging financial infrastructure, giving American customers more financial freedom and new tools for institutions to drive innovation,” the exchange added.

It should be noted that Coinbase has already begun widespread crypto adoption, and countries that implement common sense laws are poised to become industry leaders. “Many laws are in place to protect users while they innovate,” the statement reads.

The exchange named the United Kingdom, the European Union, and Japan as examples of countries that wanted to be at the forefront of new technologies, both in their regulatory structures and in developing new initiatives. In this sense, they said, “The United States is doing this.”

Finally, Coinbase noted that – unlike other exchanges – the country did not leave to avoid its laws, but rather stayed to build something better: “Coinbase wanted to build on the ground and drive innovation within the provisions. Coinbase is committed as part of the solution to our financial upgrade.

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Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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