Coinbase announces near-term priority market plan, including EU, UK and Singapore

Odaily News In a September 6 blog post, Coinbase Vice President of International Business Nana Murugesan and Vice President of International Policy Tom Duff Gordon listed the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia as Coinbase’s “near-term priority markets ( near-term priority markets)”. The two said that these countries are “setting clear rules” and Coinbase will focus on “obtaining licenses, registering, establishing and strengthening operations” in these countries. The article pointed out that cryptocurrency regulation around the world is making progress, but the United States has chosen law enforcement supervision. This approach may limit the United States’ influence in the encryption field. Therefore, Coinbase will focus on expanding its business in countries that have clearly established cryptocurrency regulations. Coinbase’s new priority markets plan is part of the second phase of its expansion plan, “Go Broad, Go Deep,” and includes partnerships with global and local banks and payments providers to expand its fiat currency access while ensuring its governance system Compliance. (Cointelegraph)