Cryptocurrency Q&A
Does Coinbase have a license?
Does Coinbase have a license?
TimeRippleOcean
Mon Jul 15 2024
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6 answers
1681
Could you elaborate on the licensing status of Coinbase? As a leading cryptocurrency exchange, it's crucial to understand whether they are operating within the legal framework of various jurisdictions. Do they possess the necessary licenses and regulatory approvals to conduct their business activities? This is especially relevant given the evolving nature of crypto regulations around the world. Clarifying their licensing status would provide crucial insights into the trustworthiness and compliance of the platform.
6 answers
EmmaWatson
Tue Jul 16 2024
The license from the New York State Department of Financial Services allows Coinbase to provide services such as buying, selling, and storing digital currencies for its customers.
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lucas_jackson_pilot
Tue Jul 16 2024
Coinbase, Inc. holds a valid license granted by the New York State Department of Financial Services, authorizing it to conduct virtual currency business operations within the state.
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Claudio
Tue Jul 16 2024
It is important to note that Coinbase, Inc. is not registered or licensed with the U.S. Securities and Exchange Commission (SEC) or the U.S. Commodity Futures Trading Commission (CFTC).
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CryptoAlchemy
Tue Jul 16 2024
While Coinbase is not registered with the SEC or CFTC, it still adheres to strict compliance measures to ensure the security and integrity of its operations.
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Andrea
Tue Jul 16 2024
This distinction is significant as it indicates that Coinbase's primary focus is on virtual currency transactions rather than securities or commodity futures trading.
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