As the largest US-based cryptocurrency exchange, Coinbase is subject to a range of regulations from state and federal agencies. At the federal level, Coinbase is a Money Service Business (MSB) registered with FinCEN.
This means that Coinbase is required to comply with the Bank Secrecy Act and implement KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.
At the state level, Coinbase is licensed as a Money Transmitter in most US states. This requires Coinbase to comply with state-specific regulations around money transmission, which can vary significantly from one state to another.
In some states, Coinbase is also required to have a surety bond in place, which acts as financial protection for consumers in case Coinbase were to violate state money transmission lAWS.
NOTE: WARNING: Coinbase is not regulated by any government or regulatory body. As a result, it is important to exercise caution when trading on Coinbase and ensure that you fully understand the risks involved in such activities. Additionally, it is important to be aware of potential scams and fraudulent activities that may occur on Coinbase.
In addition to these regulatory requirements, Coinbase is also a member of NYSE Arca Equities and the Financial Industry Regulatory Authority (FINRA). As such, Coinbase is subject to the listing rules of NYSE Arca and the regulatory oversight of FINRA.
Who regulates Coinbase?
At the federal level, Coinbase is regulated by FinCEN as a Money Service Business. At the state level, Coinbase is licensed as a Money Transmitter in most US states.
In addition, Coinbase is also a member of NYSE Arca Equities and the Financial Industry Regulatory Authority (FINRA).
6 Related Question Answers Found
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam.
Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase has been described as the most popular bitcoin wallet.
As of now, there are four US banks that work with Coinbase- Bank of America, Citi, Capital One, and JPMorgan Chase. This means that if you have an account with any of these banks, you can easily connect it to your Coinbase account and start using it to buy and sell cryptocurrencies. However, it is important to note that not all features are available to all users.
As digital assets like Bitcoin become more popular, people are looking for ways to store and use them. One option is to use a digital asset exchange like Coinbase. Coinbase allows you to buy, sell, and hold digital assets like Bitcoin, Ethereum, and Litecoin.
As one of the leading online brokerages for buying and selling cryptocurrencies, Coinbase works with a number of banks to provide customers with access to their services. One of the most popular questions we get is: which bank works with Coinbase? The answer, unfortunately, is not as straightforward as we would like it to be.
Coinbase is a digital asset exchange company founded in 2012. The company is headquartered in San Francisco. Coinbase allows users to buy and sell digital currencies such as Bitcoin, Ethereum, and Litecoin.
