Coinbase publishes proposal for crypto regulation with 4 core recommendations-regulation
Coinbase publishes proposal for crypto regulation with 4 core recommendations-regulation
The Cryptocurrency Exchange Coinbase has published its proposal for crypto control after "more than 75 meetings with interest groups from government, industry and science", announced CEO Brian Armstrong. In its Digital Asset policy proposal, the company recommends "four core columns for future US regulation".
proposal from Coinbase for crypto regulation
The cryptocurrency exchange Coinbase noted on the Nasdaq published their guideline proposal for digital assets (dapp) Thursday.
Coinbase CEO Brian Armstrong tweeted: "Today we start our Digital Asset Policy Proposal (DAPP), which we hope that it will help to provide a course for clear regulation of cryptocurrency and web 3.0 in the USA remains a financial guide." He continued to share with:
This is not about coinbase - we have carried out more than 75 meetings with government interests in the government, industry and science to make this proposal, and we believe that it is a consensus. It is naturally inclusive and democratic.
Coinbase recently experienced the lack of regulatory clarity first -hand when it tried to start a loan program. The company met with the US stock exchange supervision SEC to discuss the product. However, the SEC said that it was a security and continues the program. Coinbase subsequently leave its plan to bring the lend product onto the market target = "_ blank" href = "https://news.bitcoin.com/coinbase-meeting-us-lawmakers-tocuss-crypto-regulatory-proposal/" Rel = "noopener"> reveals his plan to create a proposal for crypto regulation.
The company's Chief Policy Officer, Faryar Shirzad, said on Thursday that the goal of Coinbase's proposal was to "take part in the public discussion about the future of our financial system". The company is of the opinion that the conversation focuses on "the blockchain-driven and decentralized evolution of the Internet" and "the emergence of an unmistakable investment class that is digitally native and enables unique economic applications".
Shirzad continued:
We recommend four core columns to inform future US regulation.
first: "We need a new and digital-native framework for the regulation of digital assets-one, innovation, inclusion and financial ability for all areas of society," he said.
Secondly, the Chief Policy Officer from Coinbase explained:
End-to-end cryptododes must be located within a single regulatory authority. His authority would include a new registration process for marketplaces for digital assets (MDAs).
In addition, Coinbase suggested strengthening consumers' trust "by offering robust customer protection". Shirzad noticed: "This can be achieved through improved transparency processes, including tailor -made disclosures to inform buyers about digital assets."
The fourth point is the "promotion of interoperability and fair competition". Coinbase is of the opinion that "to exploit the full potential of digital assets, MDas with products and services in the entire crypto economy must be interoperable." Shirzad added: "This can strengthen and protect a flourishing consumer and developer ecosystem."
Coinbase said that everyone who wants to comment on his proposal for crypto regulation can do this github
What do you think of the proposal to regulate Coinbase cryptocurrencies? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons
Kommentare (0)