SEC-Regulated Securities Approval Seeked by Coinbase – Bitcoints

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Published on June 8th, 2018 | by bitcoin

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SEC-Regulated Securities Approval Seeked by Coinbase

SEC-Regulated Securities Approval Seeked by CoinbaseMaking a positive impact in such regions will be challenging, even for entities such as Coinbase.
Even so, the company recently filed for approval from the SEC to become a regulated and licensed broker-dealer in the United States.
Assuming it gets approved, Coinbase will become one of the first officially regulated entities to deal with cryptocurrency in such a way.
With the SEC already cracking down on ICO tokens which can be labeled as securities, it seems Coinbase is intent on bringing more legitimacy to such tokens in the future.
The desire to obtain this particular license also explains why Coinbase has been on an aggressive acquisition spree as of late.

Source: Digitalmoneytimes.com

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