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Coinbase Seeks Clarity on Canadian Crypto Rules

Guavy AI Editorial Team
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Coinbase Canada's new CEO Eric Richmond says permanent rules are needed for the company to expand into derivatives, tokenized assets, and decentralized finance in Canada.

Richmond made this statement during a recent interview. He emphasized that temporary exemptions will not suffice for the company's expansion plans.

Coinbase wants to be the 'everything exchange' in Canada, offering a wide range of financial services to its customers. However, Richmond believes that clearer rules and regulations are necessary to support the growth of the crypto industry in the country.

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