newly, CoinbaseOne of the leading cryptocurrency exchange platforms, a call to the American organizational authorities, with a focus on the need to remove bank barriers that punishes the encryption sector.
Coinbase’s position: An invitation to organizational clarity in the United States of America for encryption
Coinbase It has highlighted how Banking restrictions in the United States They hinder the development of the cryptocurrency sector and Blockchain technologies.
According to the company, the absence of a A clear and cooperative regulatory framework It negatively affects not only the encryption companies but also the final users, who see their ability to access innovative financial services.
Coinbase CEO, Brian Armstrong, confirmed that the encryption industry does not try to work outside the bases, but rather within an organizational framework Fine and transparent.
This demand arises from the increasing difficulty of encryption companies to access traditional banking services, a situation that risk pushing the United States to a sophisticated advanced sector quickly.
One of the main issues most prominent Coinbase is Discriminatory treatment The encryption companies face some financial institutions.
In many cases, traditional banks refuse to provide commercial accounts or payment services to companies related to organizational risks or compliance.
This position creates a vicious circle. The encryption industry is forced to work in a context Organizational uncertaintyWhile banks justify their refusal to cooperate specifically because of this lack of clarity.
As a result, encryption companies often have to turn into alternative solutions, which can be safer and more expensive, to reach basic financial services.
A recent example is The collapse of Silvergate BankOne of the few American banks specialized in the encryption sector. The most prominent closure of the fragility of the relationship between the traditional banking sector and the encryption companies. Thus, the need for a constructive dialogue between the two parties.
Impact on the ecosystem for encryption in the United States
Banking barriers not only affect companies, but also Investors and users.
The lack of access to traditional banking services limits the ability of encryption companies to provide innovative solutions. Among these fast -border payments or decentralized financing tools.
According to Coinbase, this position causes many companies to move to other countries, where the regulations are more convenient.
Countries like the United Kingdom, Singapore and the European Union They attract an increasing number of encryption companies thanks to more clear and more active policies.
This phenomenon, known as “Fuga Di Cervelli”, risked the risk of the United States’ position as a leading company in technological innovation.
The loss of international competitiveness can have severe consequences not only for the encryption sector, but also for the American economy as a whole.
Curricula and Blockchain technology are already an increasingly important component of the global technological scene, with effects that exceed their simple use as a financial origin.
Coinbase request: Urgent change of printing
To address these challenges, Coinbase asked the American organizational authorities to adopt more Cooperation and comprehensive He approaches.
The company proposes to create an organizational framework that guarantees Equality of access to banking services For all companies, regardless of the sector in which they work.
Moreover, Coinbase stressed the importance of educating financial institutions on the benefits of cryptocurrency and Blockchain technology.
This can help reduce biases and misunderstanding that hinders cooperation between traditional banks and encryption companies.
According to Coinbase, the balanced regulatory approach will not only enhance the development of the encryption sector, but will also be it Wide economic benefits. Thus creating new job opportunities, stimulating innovation, and improving access to millions of people’s financial services.
