Coinbase Says Without Regulatory Clarity It Will Be Forced to Leave the U.S.
The Breakdown
00:00
The UK Is a Safe Jurisdiction for Crypto Asset Activity
Coinbase argued that a more effective method to protect consumers without harming market structure would be to bolster disclosure requirements and investor education. One of the big concerns was a proposal to introduce a 24 cooling off period on crypto trades under the guise of consumer protection. Also on Monday, economic secretary to the Treasury and city of London minister Andrew Griffith held a meeting between the CEOs of major asset management firms and the financial regulator. Sources say that Griffith was looking to launch a technology working group with the reestablished task force to look at asset industry trends including tokenization, blockchain and AI.
Play episode from 09:01
Transcript
