Coinbase gets Bermuda license, offshore exchange could launch next week

United States-based crypto exchange Coinbase said it received a license to operate in Bermuda, and a report claims the firm could open an exchange on the island as early as next week.

Highlights

• U.S.-based cryptocurrency exchange says it has received a license to operate in Bermuda.
• The license allows the firm to conduct a range of activities such as token sales and token sales.
• A report claims the firm could open an exchange on the island as early as next week.
• CEO Brian Armstrong has been vocal about the state of crypto regulations in the United States.
• The latest development is an update to the firm’s “go broad and go deep” campaign that sees it seeking to “establish regulated entities and local operations” to facilitate international growth.
• The firm has also shed light on its progress in Brazil, Canada, Singapore, Europe and the United Arab Emirates.

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