Coinbase, Exchanges

Is Coinbase Legal in Singapore?

As of 2019, Coinbase is not currently operating in Singapore. However, the exchange has been rumored to be expanding its services to the country soon.

This rumor has been fueled by the fact that Coinbase has recently hired two employees in Singapore.

Coinbase is a digital asset exchange company headquartered in San Francisco, California. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam.

Coinbase allows users to buy and sell cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. The company also allows users to buy goods and services with cryptocurrency.

Coinbase is one of the most popular cryptocurrency exchanges in the world. The company has over 30 million users and has processed over $50 billion in transactions.

Coinbase is available in 32 countries and supports over 50 different cryptocurrencies.

NOTE: WARNING: The legality of Coinbase in Singapore is currently unclear. The Monetary Authority of Singapore (MAS) has not provided specific guidance on the legality of cryptocurrency exchanges operating in the country. Therefore, users should exercise caution when deciding whether to use Coinbase in Singapore.

The legality of Coinbase in Singapore is unclear. Cryptocurrency exchanges are not currently regulated in the country.

The Monetary Authority of Singapore (MAS) has said that it is monitoring the development of cryptocurrency exchanges, but has not yet made any decisions on regulation.

It is possible that Coinbase will be regulated as a money service business (MSB) if it expands its services to Singapore. MSBs are required to obtain a license from MAS before they can operate in the country.

MSBs are also subject to AML/CFT regulations.

Coinbase is a leading cryptocurrency exchange with a strong reputation. The company is rumored to be expanding its services to Singapore soon.

If Coinbase expands its services to Singapore, it is likely that the company will be regulated as an MSB by MAS.

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