Coinbase has listed its “near-term priority markets” where it will focus on gaining regulatory approval and increasing operations after facing scrutiny from the SEC in its native United States.
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., Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff Gordon, marked the European Union, United Kingdom, Canada, Brazil, Singapore and Australia as “near-term priority markets.”
Globally, countries are vying to become crypto hubs. Regulatory clarity has emerged in the EU, UAE, China , Singapore, Australia and Canada, to name a few.“Every part of the world is seeing progress on crypto-forward regulation — except for the U.S., which is opting for a ‘strategy’ of enforcement of existing rules and new regulations through the courts,” the pair wrote.
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