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Coinbase may issue a license to conduct brokerage activities

To this end, the cryptocurrency company from the US has already applied to the SEC.

08.Apr.18 11:51 PM
By Anna Bezrukova


Coinbase may issue a license to conduct brokerage activities

It is reported that representatives of the American cryptocurrency company Coinbase have sent the necessary documents to the US Securities and Exchange Commission (SEC) to obtain a license to conduct brokerage activities. If everything works out, the company will become a platform for electronic commerce. 

Having received the status of a licensed broker with a license will allow Coinbase to expand the list of tradable assets - in particular, those that the SEC defines as securities. For example, these are tokens issued at the initial offer of coins. 

As said Chief Operating Officer and President of Coinbase Asiff Hirji, in the future, the company plans to expand the list of supported digital currencies. But the uncertainty of the regulatory framework can prevent this, he noted.

Once regulation of this area becomes clearer, new assets will be included in the listing, Hirji said. Naturally, Coinbase creates favorable conditions for the introduction of support for the Ethereum-standard ERC20, announced earlier. The acquisition of a broker's license will lead to the company's compliance with the regulatory framework of America, which, as a result, will reduce legal risks.

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