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Coinbase CEO Praises Singapore’s Economic Freedom, as US Regulations Cause Uncertainty for Cryptocurrency Firms

June 26 (Cointime) - Cryptocurrency companies in the US are facing uncertainty due to unclear regulations, causing some to seek better opportunities abroad. Coinbase CEO, Brian Armstrong, highlighted the importance of economic freedom for a country's growth, while facing legal challenges from the SEC.

Armstrong praised Singapore for its high ranking in economic freedom, but criticized its lack of a permit for retail crypto trading, which he deemed short-sighted and anti-freedom. He also noted that this area of crypto will be closely watched by regulators.

Cryptocurrency Singapore SEC
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