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April 28, 2023

Coinbase Secures Bermuda License Amid SEC Conflict

Nelson Mullins Riley & Scarborough LLP’s Fintech and Regulation Practice Chair, Richard Levin, joined FintechTV for a discussion about crypto company Coinbase, which has just secured a license to operate offshore in Bermuda to expand international operations amidst SEC conflict. This comes after Congressional hearings about crypto-regulation, and how to navigate the digital asset industry. 

Discussing the issues Congress is trying to solve, Levin told the outlet, “The problem we have is that firms can register as a securities exchange, or they can choose to register as a broker dealer offering trades and electronic marketplace. The problem is the vast majority of crypto currencies that have been sold without a registration with the SEC or Safe Harbor.”

To watch the full interview, click here.

Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 1,000 attorneys, policy advisors, and professionals with 33 offices in 17 states and Washington, D.C. For more information, go to www.nelsonmullins.com.