cryptonews: Crypto regulation 'is a matter of national security' for the U.S., Coinbase's CEO Brian Armstrong has claimed. 🧐
Crypto regulation "is a matter of national security" for the U.S., Coinbase's CEO Brian Armstrong has claimed.
In an interview with Bloomberg, he pointed to how major financial hubs — including London, Singapore and Hong Kong — have "embraced" crypto and grappled with policy. Armstrong pointed to 5G and semiconductors as examples of areas where the U.S. lack dominance because the technology went offshore — alluding to concerns that have been raised about Chinese infrastructure being used for such products.
"China, for example, has made significant progress in digital currencies and has already launched its own digital yuan. Additionally, the U.K., Japan, and EU have all made significant progress, with the EU most recently introducing MiCA."
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