2023-04-21
The company
obtained the license from the Bermuda Monetary Authority, according to a blog post published on Wednesday. Coinbase praised Bermuda as a "respected
financial regulatory jurisdiction with a high level of expertise."
Coinbase
explored the launch of the platform last month, which could come as early as
next week, according to familiar sources.
"Bermuda was one of the first financial centers to pass comprehensive
digital asset regulations in 2018, and has a strong
regulatory environment, transparency, and high level of cooperation,"
Coinbase said in the blog post.
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