Brian Armstrong Highlights Chances Of Coinbase 'Moving Out' of U.S.
The crypto industry has struggled to thrive in the U.S. The uncertain regulatory environment and the hostility of lawmakers towards the industry have curbed its growth. As this rocky relationship between the crypto market and the U.S. government persists, businesses may soon move out of the region. Brian Arm strong , the CEO of Coinbase seems to be stirred by the lack of regulatory clarity in the U.S. This has further prompted him to highlight the possibility of the firm moving out of the U.S. Appearing at the Fintech Week in London, Arm strong stated while answering a question put forth by U.K.’s former Chancellor George Osbourne, “Anything is on the table, including relocating or whatever is necessary.” Coinbase has a strong hold on the U.S. market. Now that Binance is under the radar of the government, the Armstrong-led exchange could have had an upper hand. However, it seems like regulators were targeting the entire industry and not just one firm. He further added, ...