In a blog post on Wednesday, Coinbase disclosed that it has received a license to operate in Bermuda. The company said: "Bermuda was chosen as one of our international hubs as the BMA is a highly respected and experienced financial regulator that is led by a world-class executive team and board of directors." TheFly notes that CoinDesk reported on Wednesday that CEO Brian Armstrong has indicated that if the U.S. regulatory environment for the industry does not become clearer, the crypto exchange will consider moving away from the U.S. Reference Link
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