Crypto exchange giant Coinbase (COIN) says it loves Canada, where the rules have been set out and companies are able to engage with the regulators, compared with the U.S.’s lack of clarity and regulation by enforcement for the industry.
It’s no secret that Coinbase is currently at loggerheads with the Securities and Exchange Commission (SEC), which has warned the exchange that its going to be targeted with an enforcement action for violating securities laws. The recent U.S. regulatory crackdown has also spooked many companies and investors, who are already looking to relocate to other jurisdictions.
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