Coinbase, Exchanges

Who Regulates Coinbase?

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.

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).

Previous ArticleNext Article