According to Brian Armstrong, CEO of Coinbase, regulation is one of the biggest risks in the cryptocurrency business.
“Cyber security is spot on,” Armstrong said in an interview with Andrew Ross Sorkin that aired Wednesday morning. “And right now that Coinbase is a public company, we’re going to increasingly scrutinize what we’re doing and people want to understand the implications.”
“And so we’re very happy to get involved, just like we’ve done for the past 10 years, you know, nine years really since the company was founded, with everyone in DC and really legislators, politicians all over the world because of course Coinbase is now in a lot of different countries, trying to figure out how to build this industry and company in the most thoughtful way, “he added.
Coinbase is expected to be the first major crypto company to go public in the U.S. after entering the market via direct listing later in the day. The Nasdaq gave the company a reference price of $ 250 per share prior to direct listing, which, if fully diluted, would value the cryptocurrency exchange at around $ 65.3 billion.
“We are very excited and happy to abide by the rules. And basically we are only asking that we at least be treated on an equal footing with traditional financial services and that we have no punishment for doing so.” be in the crypto room, “said Armstrong.
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