CryptoNews: Hong Kong lawmaker Johnny Ng has extended an invitation to the crypto industry, including Coinbase, to apply for registration in the region. 🇭🇰
Coinbase Is Now Focused on Expanding Globally.
This comes as Hong Kong's Securities and Futures Commission started accepting applications for crypto trading platform licenses, allowing registered firms to serve retail customers and adhere to regulatory rules against crypto incentives. Coinbase, which aims to partner with high-standard regulators worldwide, expressed its dedication to working with regulators in both U.S. and non-U.S. jurisdictions.
While Coinbase CEO Brian Armstrong had previously mentioned the possibility of moving out of the U.S. due to regulatory uncertainty, the company is now focused on expanding globally. Coinbase's Vice President of International Policy, Tom Duff Gordon, expressed the company's excitement about overseas expansion, including plans to establish a presence in Abu Dhabi, Canada and Singapore.
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