Coinbase has announced that it has obtained registration as a restricted dealer in Canada, making it the first international cryptocurrency exchange registered in the country.
The registration is the result of a lengthy process begun in March 2023 when the company signed an Enhanced Pre-Registration Undertaking, signifying its dedication to regulatory compliance and operational excellence.
In a story on Coinbase’s website, Lucas Matheson, country director, Canada, Coinbase, wrote, “We believe that regulating centralized crypto intermediaries is essential for building trust and fostering innovation in the cryptocurrency market.”
To read the full story by Matheson on Coinbase’s website, click here.