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Coinbase won’t be listing Monero any time soon due to regulation worries according to Brian Armstrong

 
Coinbase won’t be listing Monero any time soon due to regulation worries according to Brian Armstrong
Exchanges / Breaking News / Monero / XMRUSD
  • Brian Armstrong has said that he won’t be listing Monero as it's still untested grounds for lawmakers across the United States. 
  • Speaking in an interview, Armstrong said that he wanted to take a more conservative approach so that they would pass the test of time in the long run.

The Chief Executive Officer of the Coinbase platform, Brian Armstrong has said that he won’t be listing any privacy coins such as Monero as they are still untested grounds for lawmakers all across the United States. Speaking in an interview last week on the 24th of July with Peter MacCormack, Armstrong said that he wanted to take a more conservative approach with his platform so that they would pass the test of time in the long run. As privacy coins become more accepted though, Armstrong said that his team would consider listing them on Coinbase.

“I think with enough time and education, people will get comfortable enough with it. Privacy coins will become more mainstream over time I hope, and maybe more privacy solutions on Bitcoin too.”

Regulation is a big issue throughout the crypto space not just for Monero. Throughout the United States specifically, there are many lawmakers who are still very sceptical on the future of crypto and how they regulate it will determine said future.

Over the past year, after Facebook announced its Libra stable coin, many government bodies throughout the US were on high alert as the social network was set to release its own cryptocurrency, to which they assumed would be a big issue for people's privacy.


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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