The case will help determine whether digital assets are securities in the USThe boss of the world’s only listed crypto exchange says his legal fight with US regulators is an unhelpful way to regulate a new industry, and warns the roll-out of China's digital yuan creates a new way for the country to export its soft power.
Mr Armstrong welcomed the Australian government’s move to install a licensing regime for crypto exchanges. Coinbase has an application for a financial services license underway. “We don’t believe it should be a regulated security, and we’re pursuing clarity through the courts with that.”for the global exchange, but acknowledged there were other jurisdictions around the world – like Hong Kong and Singapore – that were rolling out concrete laws for crypto exchanges.