Coinbase on Tuesday urged US banking regulators to clarify or update their policies on banks offering crypto services and partnering with digital asset companies.
ZachXBT reports that Coinbase users lost $65M in a two-month scam spree, with attackers using phishing emails, spoofed calls, and fraudulent websites to steal funds. The total estimated losses from similar scams exceed $150M, highlighting ongoing security risks in the crypto space.
Coinbase confirms its registration as a Virtual Asset Service Provider (VASP) under the UK’s Financial Conduct Authority, strengthening its presence in its largest international market and reinforcing regulatory compliance in the crypto sector.
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