Coinbase, a US-based cryptocurrency exchange, has been granted a regulatory license to operate in Bermuda, and reportedly plans to launch a derivatives exchange there as soon as next week. The license, which is a Class F License under the Digital Asset Business Act, enables Coinbase to conduct a range of activities such as token sales and issuance, and operate as both a digital asset exchange and as a digital asset derivatives exchange provider, according to Bermuda’s financial regulator. Forbes reported that “a person close to the company” said Coinbase is planning to launch a derivatives exchange in Bermuda. Coinbase cited the clear regulations in Bermuda as the reason why it chose it as one of its financial hubs. Some commentators have speculated that this move could be the beginning of the end for Coinbase in the US. Coinbase CEO, Brian Armstrong, had recently disclosed that the exchange might consider leaving the US due to a lack of regulatory clarity.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
