Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
The global standard-setters also cautioned that stablecoins adopted by multiple jurisdictions could potentially transmit volatility in a more abrupt manner than other cryptocurrencies.
Observant analysts within the blockchain community raised concerns regarding significant alterations in the supervision of a critical wallet.
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