Cryptocurrency Q&A
Why does Coinbase need Singpass?
Why does Coinbase need Singpass?
CharmedClouds
Thu Nov 28 2024
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7 answers
1448
Coinbase, a major cryptocurrency exchange, has been expanding its services in Singapore. To facilitate this expansion and cater to the local market, Coinbase integrated Singpass, Singapore's digital identity system. This integration simplifies the onboarding process for new users, making it easier for them to access and trade cryptocurrencies on the platform. Additionally, it enhances the security and compliance of the exchange's operations in Singapore, aligning with the country's regulatory requirements.
7 answers
GinsengGlory
Sat Nov 30 2024
Coinbase implements a strict identity verification process.
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ShintoBlessing
Sat Nov 30 2024
This measure is crucial for ensuring legal compliance.
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CryptoVisionary
Sat Nov 30 2024
By verifying users' identities, Coinbase can adhere to regulations.
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CryptoAce
Fri Nov 29 2024
It also helps in preventing fraudulent activities on the platform.
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Lorenzo
Fri Nov 29 2024
Identity verification adds a layer of security for both users and the exchange.
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