Coinbase UK CEO highlights on effort to list securities tokens, lack of regulation & more
Coinbase UK CEO, Zeeshan Feroz, in a recent interview shared about the cryptocurrency exchange and the crypto space as a whole. While discussing about it all, he explained why lack of regulation is one of the biggest problem the crypto world is facing currently. He also highlighted the effort put by Coinbase to list tokens classed as securities.
In the interview with CCN, Feroz who has been with Coinbase since last year February said that Coinbase UK is the company’s fastest growing market. He hinted on some of the new methods that they are working for better customer service and said, “We have been working to introduce Faster Payments for as long as we’ve been operating in the UK. Customers not only benefit from increased speed, but reduced cost as well. By no longer having to convert funds from Pound Sterling to Euros and vice versa to add and remove funds, there will be no more exchange rates. This will make crypto easily accessible to most people in the UK.”
Coinbase UK CEO on tokens classed as securities
He also gave a little insight on securities token and efforts taken by the company to list them. “Some tokens maybe considered securities and classifying them as such brings them within scope of regulation. This is the best way to provide individuals and institutions a safe environment to invest in them,” he mentioned. “The main challenge facing the crypto space at the moment in the lack of regulation, which leads to risk. We see the value in having some form of regulation for crypto exchanges as a means of ensuring due diligence and transparency in the crypto space,” Feroz added.
Coinbase UK CEO goes on to explain the mission of the company saying that it is an open financial system that is to bring about innovation, economic freedom, efficiency, and equality of opportunity. And they believe that cryptocurrency will help them to achieve the goal.
He further added, “…our priorities are to be the most trusted and easiest to use crypto exchange in the world – and our recent initiatives, especially in Europe, have demonstrated that. Over the coming years, we’ll continue to evangelise about the benefits of crypto and drive greater uptake in the use of crypto among both individuals and institutional investors.”
Image via Shutterstock
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