Cryptocurrency Q&A
Is Coinbase Prime regulated?
Is Coinbase Prime regulated?
MountFujiMystic
Sun Sep 15 2024
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7 answers
1571
Excuse me, I was wondering about the regulatory status of Coinbase Prime. Could you please elaborate on whether or not Coinbase Prime is subject to any regulatory oversight? I'm particularly interested in understanding the regulatory framework that governs its operations and how it ensures compliance with relevant laws and regulations. Thank you for your time and assistance in clarifying this matter.
7 answers
SolitudePulse
Tue Sep 17 2024
To maintain transparency and foster trust, Coinbase provides easy access to its licensing information. Interested parties can view the company's regulatory status by navigating to the designated webpage.
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Dario
Tue Sep 17 2024
Coinbase, Inc. holds a prestigious license from the New York State Department of Financial Services, authorizing it to conduct virtual currency business activities within the state. This license underscores Coinbase's commitment to regulatory compliance and customer protection.
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EclipseChaser
Tue Sep 17 2024
Notably, Coinbase does not possess a license with the U.S. Securities and Exchange Commission (SEC) or the U.S. Commodity Futures Trading Commission (CFTC). This distinction highlights the segmented nature of cryptocurrency regulation in the United States.
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BlockchainLegend
Tue Sep 17 2024
The lack of SEC or CFTC licensing does not diminish Coinbase's standing as a reputable cryptocurrency platform. Instead, it reflects the specific scope of Coinbase's operations and the evolving regulatory landscape surrounding digital assets.
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GeishaWhisper
Mon Sep 16 2024
Coinbase's dedication to regulatory compliance extends beyond obtaining necessary licenses. The platform continuously monitors and adapts to changes in regulatory frameworks, ensuring that its operations remain compliant with evolving laws and regulations.
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