Major cryptocurrencies experienced a decline on Sunday amid anticipation over crucial regulatory developments, including the SEC’s ruling on the introduction of a spot Bitcoin ETF in the United States.
What Happened: Coinbase (NASDAQ:COIN) revealed its strategic plans for international expansion, placing particular emphasis on obtaining licenses in key financial jurisdictions. The aim is to establish a clear and well-regulated framework for the cryptocurrency industry. Amidst growing concerns expressed by CEO Brian Armstrong regarding regulatory uncertainty in the United States, Coinbase has set its sights on immediate priorities, namely the European Union, United Kingdom, Canada, Brazil, Singapore, and Australia.
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