We have secured the license from the Monetary Authority of Singapore (MAS). This approval is a validation of @coinbase operations from one of the most reputed regulators. It underscores that transparent and fair regulatory frameworks for crypto can and do exist!
https://t.co/6teS5xQ7Y7
Beyond excited to announce that Coinbase Singapore has received an MPI license from MAS!
As Singapore Blockchain Week highlighted, the energy and excitement of 🇸🇬 as a web3 hub is unmistakable.
Excited to double down in this market and provide trusted solutions for consumers, institutions and developers!
On a personal level, grateful to be part of this journey and uplift the community together 🙏🏽
Read more here: https://t.co/1r14mHwDzg
Lee Kuan Yew wrote a book.
From third world to first.
Back then he admired San Francisco.
But today, history is running in reverse.
Going from Singapore to San Francisco…
…is from first world to third.
Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.
Remember:
1. The SEC reviewed our business and allowed us to become a public company in 2021.
2. There is no path to "come in and register" - we tried, repeatedly - so we don't list securities. We reject the vast majority of assets we review.
3. The SEC and CFTC have made conflicting statements, and don't even agree on what is a security and what is a commodity.
4. This is why the US congress is introducing new legislation to fix the situation, and the rest of the world is moving to put clear rules in place to support this technology.
Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.
Btw, in case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against us is exclusively focused on what is or is not a security. And we are confident in our facts and the law.
We'll get the job done. In the meantime, let's all keep moving forward and building as an industry. America will get this right in the end.
🔥Watch @Hassan_NY, Country Director, Singapore from @coinbase reacts to Singaporean's Opinion on Crypto Exchanges in our latest episode of Coinlive's BLOCKBUSTER! 💥
Watch the full video here: https://t.co/yEqT3ioY1n
#Crypto#Coinbase#Singapore
Big news! Coinbase is expanding in Brazil! 🇧🇷
Our mission is to democratize access to the crypto economy globally so we've integrated with Pix for smooth transactions, launched a fully localized app in Portuguese, and offer 24/7 support.
4/ Excited to announce #Coinbase expansion in #Brazil today! 🇧🇷 We're integrating with Central Bank of Brazil's Pix for seamless transactions, offering a fully localized app, and 24/7 support. We are also building for Brazil, from our tech hub in Brazil!
https://t.co/gf53W1Ybzy
Excited to keep updating the global financial system using crypto technology with our international expansion efforts - today with a big announcement in Singapore.
The U.S. regulatory environment has fallen behind other major financial hubs (UK, SG, HK, etc) in terms of creating a clear rule book for crypto. We will adjust our investments accordingly.
Coinbase customers can transfer funds to and from their accounts using any bank in Singapore for free under an arrangement with StanChart. The timing to clinch a new banking partner is noteworthy as a crypto firm. https://t.co/IiU7PmMytr via @crypto
Exciting news for our Singapore customers! Coinbase is introducing free bank transfers and Singpass integration, making it easier to join our platform. We've upgraded our help center, created Coinbase Learning and are offering 200+ assets for trading. 👀👇
https://t.co/iQgt51esvy
Hello Singapore 🇸🇬
Excited to announce we have received an In-Principle Approval as a Major Payment Institution in the Lion City! This is an important step in our mission of being the most trusted crypto platform in Asia Pacific.
https://t.co/pc2pkTl7yG
Save the date! @brian_armstrong is doing a Youtube AMA on Oct 5th at 12pm AEDT to answer all your 🇦🇺 related questions.
Submit your questions here 👇
https://t.co/CvmagERAk2
“If you care about a thing, then build the thing. Don’t just assume that crypto being successful makes the thing appear automatically”
Hear more from @brian_armstrong in conversation with @vitalikbuterin on the latest episode of Around the Block.
https://t.co/MgMfM2uuMU
“If I’m a crypto user, the things that I want is access, options and protection... Singapore provides a very healthy balance of the 3... It’s more a matter of what’s important and where that specific jurisdictions and regulators is in their journey” said @Hassan_NY.
The difference between what people think @coinbase is, and what it actually is, is jarring.
It’s like we’re watching the same movie, but folks keep leaving the theater and missing key scenes.
Scoot in so I can recap the scenes you missed: