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<ul><li>Coinbase has officially announced its entry into the Canadian crypto market.</li><li>The American crypto giant has rolled out Interac e-transfers for its Canadian users.</li><li>Coinbase’s Canadian debut comes just two months after Binance and ByBit departed the country.</li></ul>American crypto giant Coinbase officially announced its launch in Canada earlier today. The California-based crypto exchange marked its launch in Canada’s crypto market by rolling out the Interac payment rails for Canadian users. The exchange partnered up with Vancouver-based Peoples Trust Company for the Interac integration.According to a report by <a href="https://www.bnnbloomberg.ca/coinbase-ceo-says-canadian-crypto-regulations-encouraging-1.1958663" rel="noopener noreferrer nofollow">Bloomberg</a>, Coinbase’s launch in Canada was encouraged by the country’s approach towards crypto regulation. Over the past year, the crypto exchange boosted its headcount in Toronto and Vancouver by 200. Chief Executive Brian Armstrong stated that his company had a positive working relationship with Canadian regulators.Speaking on the regulatory landscape in Canada, Armstrong added:“We&#39;ve found the Canadian regulators to be really amenable to work with and there&#39;s a real genuine interest, I think on both sides, to have regulatory clarity about how both consumers can be protected in this environment.&#34;Bloomberg reported that Coinbase had signed on to the pre-clearance rules with the Canadian Securities Administrators (CSA) in March 2023. The CSA reportedly cleared 12 other crypto trading platforms to conduct business in Canada after they went through the same formalities. The rules were issued by the CSA earlier this year following turbulence in the global crypto market.-Read full article at <a href="https://cryptotale.org/coinbase-officially-launches-in-canada-with-interac-payment-rail/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Coinbase Officially Launches In Canada With Interac Payment Rail

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