Coinbase Google

The crypto-exchanger Coinbase requested the SEC to license the brokerage services.

The cryptocurrency exchange Coinbase appealed to regulators to obtain a license for the provision of services as a brokerage company. The license will allow the exchanger to operate in accordance with the requirements of the Securities and Exchange Commission, which can treat crypto-currencies as “securities”.

At the same time, the SEC does not yet have a clear definition of the Crypto-currency, and the agency recommends that investors proceed from the case-law Howey Co., which led to the development of the so-called Howey Test, which allows to determine whether a particular crypto currency is a security.

Coinbase wants to become a “google in the world of crypto”

Coinbase declares its firm intention to become “like Google in crypto-currencies,” and therefore is working to expand the services offered to customers, in this context, and considers a request to the Securities and Resources Commission on the possibility of brokerage services.

After receiving regulatory assessment of the regulator, Coinbase will officially consider crypto currency as a security that will attract more customers to the trading platform.

TheBitcoinNews.com – leading Bitcoin News source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.

TheBitcoinNews.com is is not responsible for the content of external sites and feeds. Sponsored Guest posts, articles or PRs are not always flagged as this!

Do you want see your PR or Guest post here? Advertise with us : https://thebitcoinnews.com/advertise/