Coinbase is investing in Brazil where regulators are inviting innovation, while the U.S. cracks down on the industry.
On Tuesday, Coinbase introduced an app geared solely toward the Brazilian market, with customer support available in Portuguese 24/7, and integrating the revolutionary Pix digital payment system.
On Tuesday, Coinbase introduced an app geared solely toward the Brazilian market, with customer support available in Portuguese 24/7, and integrating the revolutionary Pix digital payment system created by the government and launched in 2020. The next day, in the U.S., the company said it was "Brazil is a great example of a country in which regulators have understood the value of crypto and they are creating a very healthy debate around the topic to keep innovation and growth going," said Fabio Plein, country director for Brazil and newly-named regional managing director at Coinbase in Brazil, in an interview."Brazil is advancing in the creation of regulatory framework that protects users and the U.S.
"We wanted to bring the same app, the same experience that made us the exchange leader in the U.S.," Plein said. The company has 100 million users now, and is aiming to get to 1 billion. While Brazil has a young population that is tech-savvy and interested in alternative assets, the market isto the U.S.'s more than $70,000, according to the World Bank.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC investigating Coinbase for its Earn product, wallet service and exchange activityThe Wells Notice relates to aspects of the company’s exchange, its staking service Coinbase Earn, and Coinbase Wallet, Coinbase said.
Weiterlesen »
Coinbase shares extend losses after crypto exchange explains SEC probeShares for the crypto exchange platform Coinbase are down on Wall Street despite the company’s explanation of the Securities and Exchange Commission’s (SEC) alleged violations of federal securities laws related to the company’s staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.
Weiterlesen »
SEC Plans Lawsuit Against Coinbase, According to ExchangeThe Securities and Exchange Commission has told Coinbase that it plans to take enforcement action against the company, escalating its crackdown on digital-currency firms by targeting the biggest U.S. crypto exchange
Weiterlesen »
SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations – Regulation Bitcoin NewsThe SEC has informed Coinbase of potential securities law violations after more than 30 meetings with the crypto exchange. securities cryptocurrency
Weiterlesen »
Coinbase CEO on its Wells Notice: SEC is like soccer referees in a game of pickleballCryptocurrency exchange Coinbase’s CEO and co-founder Brian Armstrong has criticized the SEC over its recent issuance of a Wells Notice, and appears ready to fight for regulatory clarity.
Weiterlesen »
Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and moreThese are the stocks posting the largest moves in premarket trading.
Weiterlesen »