Regulators Allow Coinbase to List Virtual Coins Considered as Securities
Cryptocurrency exchange Coinbase was allowed this week by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital currency considered to be securities.
The wallet provider is now authorized to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC, which will allow it to operate as a broker dealer, a registered investment adviser, and extend its offerings with security tokens.
While a spokesperson said that the technology will be integrated into the new subsidiaries, it was not confirmed when as the company will still need to verify that employees have the needed licenses and review how data is reported by the firm.
Source: Coin Telegraph