International

Coinbase Response to CNV’s Public Consultation on Virtual Asset Service Providers

Coinbase supports CNV’s efforts to regulate VASPs, advocating for a global trading model with access to international liquidity and custodians. The response emphasizes tailored regulation, operational clarity, and incremental approaches to foster Argentina’s crypto adoption while ensuring consumer protection and innovation.

December 2, 2024

Coinbase Submission on Canada's Regulatory Framework for Stablecoins

Coinbase supports Canada’s efforts to establish a federal framework for stablecoins under the Retail Payment Activities Act (RPAA). We emphasize global regulatory harmonization, 1:1 reserve backing, and tailored rules to foster innovation, ensure consumer protection, and enhance the competitiveness of Canada’s digital asset ecosystem.

November 30, 2024

Coinbase's Recommendations for DLT and Tokenization in EU Capital Markets

A response from Coinbase advocating for improved EU policies on Distributed Ledger Technology (DLT) and tokenization. Recommendations include raising DLT pilot limits, supporting permissionless systems, utilizing MiCA-authorized stablecoins for settlements, and harmonizing EU custody regulations.

November 1, 2024

Coinbase's Response to Bank of England's Approach on Innovation in Money and Payments

Coinbase advocates for integrating stablecoins and permissionless blockchains into the UK's financial ecosystem, emphasizing their role in financial stability, inclusion, and innovation. It recommends a mixed payments system to foster competition, efficiency, and resilience.

October 31, 2024

Coinbase Response to ADGM's Fiat-Referenced Token Regulatory Framework Consultation

Coinbase supports the proposed regulatory framework for Fiat-Referenced Tokens in Abu Dhabi Global Market, advocating for global regulatory alignment and balanced, innovation-friendly policies to advance the digital asset ecosystem.

October 3, 2024

Coinbase’s Response to the EU Consultation on AI in Financial Services

Coinbase addresses the potential of AI in enhancing financial services, emphasizing responsible adoption to prevent fraud, improve efficiency, and strengthen regulatory compliance. Recommendations include supporting AI innovation, leveraging blockchain technology, and fostering a balanced regulatory framework to ensure security and transparency.

September 13, 2024

Coinbase Response to ESMA Call for Evidence on UCITS Directive

Coinbase advocates for crypto-assets, including stablecoins, as eligible assets under the UCITS Directive. We emphasize MiCAR’s regulatory framework, highlighting parallels to existing UCITS assets, robust liquidity, reliable valuation, and risk management potential.

August 7, 2024

Coinbase's response to the Bermuda Monetary Authority's Guidance on Digital Asset Business Single Currency Pegged Stablecoins (SCPS)

We applaud the BMA's efforts in establishing a regime that is attractive to SCPS issuers with global ambitions. By adopting a principles based framework, the BMA avoids a one-size-fits-all approach that could unnecessarily inhibit innovation in the digital asset economy. Going forward, we encourage the BMA to take an incremental approach to the Guidance.

July 16, 2024

Coinbase's response to ESMA's third MiCA consultation package

We appreciate ESMA's thoughtful approach, as reflected in the consultation and questions posed. We encourage ESMA to consider additional regulatory nuance to account for the unique technical features of DLT, the speed of crypto-asset transactions, and consumptive uses for crypto-assets.

June 25, 2024

Coinbase's response to the Australian AG's papers relating to reforming Australia’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regime

We highlighted the unique attributes of blockchain-based solutions in fighting financial crime and cautioned against the implementation of IFTI reporting for DASPs.

June 13, 2024

Coinbase's response to the Bank of England's / Financial Conduct Authority's joint consultation on delivering a Digital Securities Sandbox

We applaud the FCA’s and Bank of England’s approach to allow new players to experiment and innovate in the DSS, but highlighted certain problematic regulations that apply to performing non-DSS activities.

May 29, 2024

Coinbase's Response to HMRC's Call for Evidence on OECD Cryptoasset Reporting Framework Implementation

We comment on the UK’s implementation of the OECD’s Cryptoasset Reporting Framework (CARF), emphasizing the need for consistency in global implementation and advocating for an approach that supports industry growth while ensuring compliance.

May 27, 2024

Coinbase's response to ESMA's draft guidelines on reverse solicitation under MiCA

We encourage ESMA to direct the focus of the guidance more towards “active marketing” as opposed to “passive availability,” and suggest modifications to the guidance in some areas which will help align the guidance better to standard market practice.

April 29, 2024

Coinbase's response to ESMA's "Draft Guidelines on the conditions and criteria for the qualification of crypto-assets as financial instruments”

We support the general concept followed in the draft guidance to approach each crypto asset on a case-by-case basis for classification, and also encouraged some necessary adjustments to the guidance.

April 29, 2024

Coinbase’s response to the Basel Committee’s cryptoasset standard amendments

We urge the Basel Committee to reconsider its approach to bank crypto exposures to support responsible innovation.

March 28, 2024

Coinbase's response to the EBA's consultation on Travel Rule guidelines

We support the further regulatory clarity provided by the guidelines and strengthening the EU's AML/CTF regimes, but highlight key areas that present challenges for the industry, particularly around the treatment of self-hosted wallets ("SHWs").

February 26, 2024

Coinbase's response to the Ireland Department of Finance's "National Payments Strategy"

We applaud the Department of Finance for investigating the future of Ireland’s National Payments Strategy and fostering innovation in the payments space, and we support the Department in building a multi payment ecosystem that is efficient and future proof for an increasingly digital age.

February 19, 2024

Coinbase’s response to the Bank of England’s discussion paper on systemic stablecoins

We encourage the BoE and FCA to adopt stablecoin frameworks that will promote the envisioned mixed payments ecosystem.

February 12, 2024

Coinbase’s response to the European Banking Authority’s third MiCA consultation package

We encourage the EBA to adopt rules that will support innovation and growth in the European stablecoin market.

February 8, 2024

Coinbase’s response to the Financial Conduct Authority’s discussion paper on non-systemic stablecoins

We encourage the BoE and FCA to adopt stablecoin frameworks that will promote the envisioned mixed payments ecosystem.

February 6, 2024

Coinbase’s response to the Central Bank of Brazil’s consultation on virtual asset service provider regulation

We applaud the Central Bank of Brazil for taking the first step in developing a standalone regulatory regime for Brazil. Note: Our response was originally submitted in Portuguese.

January 31, 2024

Coinbase Response to CFPB Proposed Rule on Digital Consumer Payment Applications

Coinbase challenges the CFPB's inclusion of crypto-assets under its proposed rule, citing lack of authority, insufficient analysis, and potential conflicts with pending federal legislation. The response advocates for removing crypto-assets from the rule, urging tailored rulemaking and comprehensive industry engagement.

January 8, 2024

Coinbase Response to ESMA’s Consultation on MiCA Technical Standards

Coinbase provides feedback on ESMA's second consultation for MiCA technical standards, addressing sustainability disclosures, proportionality in white paper requirements, and machine readability. The response emphasizes the need for balanced approaches to foster innovation while meeting regulatory goals.

December 14, 2023

Coinbase’s response to the Australian Treasury's proposal paper on regulating digital asset platforms

We applaud the Australian Treasury’s efforts to create a globally competitive regulatory approach to digital asset platforms.

December 1, 2023

Coinbase’s response to IOSCO’s policy recommendations for DeFi

We encourage IOSCO to recognize the benefits of decentralized protocols and create better regulatory pathways for DeFi projects.

October 19, 2023

Coinbase’s response to ESMA’s 1st consultation on technical standard requirements in MiCA

We applaud ESMA's efforts further developing the EU’s leadership role as the most comprehensive crypto asset regulatory framework globally.

September 20, 2023

Coinbase Response to Irish Department of Finance Consultation on MiCA Discretions

Coinbase highlights key recommendations for Ireland’s MiCA implementation, including consistency in licensing, level playing field concerns, and addressing white paper liability. Emphasizing swift MiCA licensing and proportionality, the response aims to enhance Ireland’s position as a Web3 innovation hub.

September 12, 2023

Coinbase’s response to IOSCO’s policy recommendations for crypto-asset markets

We support global standards for crypto markets, which should recognize the importance of consumers using crypto-assets on chain in web3.

July 31, 2023

Coinbase's Response to the FCA on Staking and Cryptoasset Financial Promotions

Our response to the Financial Conduct Authority's consultation on cryptoasset financial promotions, focuses on the regulatory treatment of staking services. We outline the benefits of staking, its distinctions from lending, and regulatory recommendations.

July 27, 2023

Coinbase's submission to the Bank of England and HM Treasury on the digital pound

We believe the digital pound can help increase economic freedom by giving people access to public money in digital form.

June 30, 2023

Modernising Australia's anti-money laundering and counter-terrorism financing regime

Coinbase offers its perspective to the Australian Attorney General and the Australian Transaction Reports and Analysis Centre (AUSTRAC) as it seeks to modernise Australia's anti-money laundering and counter-terrorism financing regime.

June 16, 2023

Coinbase's response to the French ACPR's DeFi Consultation

DeFi holds incredible promise, and Coinbase looks forward to supporting the ACPR in this exploratory phase of its work.

May 19, 2023

Coinbase’s response to the UK consultation on the future regulatory regime for cryptoassets

We support the UK Government in taking a leadership role globally and sending a powerful message that it is open to cryptoasset businesses.

April 30, 2023

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Coinbase’s response to the Hong Kong SFC’s consultation paper on virtual asset trading platforms

We look forward to working with and supporting the SFC to foster a transparent regulatory environment and unlock opportunities that virtual assets provide for Hong Kong.

March 31, 2023

Coinbase Comment on SEC's Proposed Regulation Best Execution

Coinbase urges the SEC to exclude digital asset securities from the proposed Regulation Best Execution. Highlighting the nascent market, regulatory gaps, and lack of data, Coinbase recommends tailored rulemaking and a concept release to ensure appropriate frameworks for digital asset securities.

March 31, 2023

Coinbase’s response to Australia’s token mapping consultation

Coinbase applauds the Australian Government and Treasury for proceeding thoughtfully on a regulatory framework that promotes responsible innovation

March 14, 2023

Coinbase’s Response to Singapore’s Proposed Digital Payment Token Services Regulation

Our detailed response to the Monetary Authority of Singapore's proposed regulatory measures for Digital Payment Token Services, highlights the importance of balanced regulations that foster innovation, enhance consumer protection, and strengthen trust in the evolving blockchain ecosystem.

December 21, 2022

Coinbase’s response to the FSB’s recommendations on cryptoassets

Coinbase’s views on what the global standards should be for crypto activities and markets.

December 15, 2022

Coinbase’s response to the Basel Committee’s second consultation

Coinbase offers its perspective on the proposed framework for capital treatment of banks’ crypto exposures.

September 30, 2022

Australia: Tax Treatment of Digital Assets & Transactions

Coinbase comments on the potential application of GST to crypto transactions, and requests clarification with respect to its application to “spread” earned by crypto exchanges on buy, sell, and crypto-to-crypto transactions.

September 30, 2022

UK: Taxation of DeFi Lending and Staking

Coinbase proposes tailored tax rules for DeFi transactions and staking in the UK, with the goal of providing increased clarity for taxpayers and businesses.

August 31, 2022

Australia: Licensing and custody requirements for crypto asset secondary service providers

Coinbase’s response to the Australian Government’s request for comment.

May 27, 2022

UAE: Regulation of crypto tokens

Coinbase’s response to Dubai’s Financial Services Authority’s request for comment.

May 20, 2022

OECD: Crypto Asset Reporting Framework

Coinbase argues the proposed CARF should follow a phased implementation and ensure parity with financial institutions subject to Common Reporting Standards (CRS), as well as conformity to the Financial Action Task Force (FATF) principles.

April 29, 2022

Coinbase Response to CPMI-IOSCO Consultation on Stablecoin Infrastructure Principles

Coinbase emphasizes the need for a cautious, methodical approach to applying PFMI to stablecoin arrangements. The response highlights regulatory uncertainty, the evolving nature of stablecoins, and the importance of proportionality to avoid stifling innovation while addressing risks in the growing digital asset ecosystem.

December 10, 2021

Coinbase's Basel Consultation Response

Coinbase’s response to the Basel Committee’s Public Consultation on Preliminary Proposals for the Prudential Treatment of Banks' Cryptoasset Exposures.

September 10, 2021

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The mission of the Coinbase Institute is to accelerate rigorous, novel research and bring together the best minds across disciplines to fuel progress on decentralization, web3, and the future of finance.

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