Coinbase Boss Says US and UK Should Make Crypto Industry Rules Clearer

by Stephen Douglas
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Coinbase Boss Says US and UK Should Make Crypto Industry
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Coinbase Boss Says US and UK Should Make Crypto Industry Rules Clearer

In a tweet, Armstrong noted that the UK is “moving fast on sensible crypto regulation. While saying he’s excited to continue investing in the UK,” he wrote.

Still, he expressed concern over UK banks increasingly taking a hardline approach to customers transferring cash to crypto exchanges in a bid to stamp out fraud.

Top British lender NatWest, for example, imposed new limits in March on customer transfers to cryptocurrency exchanges, seeking to protect consumers from what it calls crypto criminals.

“Several UK banks are blocking fiat payments to unsavory crypto companies,” Armstrong wrote, referring to traditional currencies.

“Good fraud controls are reasonable, bans are not comprehensive (and most likely illegitimate),” he continued.

Coinbase Boss Says US and UK Should Make Crypto Industry Rules Clearer

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Coinbase Boss Says US and UK Should Make Crypto Industry Rules Clearer

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