Coinbase CEO says Canadian crypto regulations encouraging
BNN Bloomberg
Coinbase is rolling out Interac e-transfer integration as part of its Canadian offerings as it says it's encouraged by the regulatory approach in the country.
The added feature, which will make it easier to move money in and out of Coinbase accounts, comes after the company hired Lucas Matheson as country director and ramped up its staff to over 200 engineers in its Toronto and Vancouver offices in the past year.
The company says the moves signal its commitment to Canada, and come at a time when other trading platforms including Binance, the world's largest crypto platform, have said they were pulling out of the country.
Binance, along with Bybit and others, said in May their departure was related to tightening regulations around cryptocurrencies as the Canadian Securities Administrators looks to increase oversight in the sector.
