Coinbase Makes Changes to Services in Canada, Japan, Singapore to Comply With Local Crypto Regulations


The Nasdaq-listed cryptocurrency exchange Coinbase announced this week:

Starting on April 1, 2022, Coinbase will introduce a few changes for customers in Canada, Singapore, and Japan to comply with local regulations in those countries.

“This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform,” the exchange detailed. “This change will not affect a user’s Coinbase experience of buying and selling digital assets using Coinbase.”

Coinbase detailed that customers located in the aforementioned three countries who are sending digital assets outside Coinbase “may need to provide information about the type of wallet you’re sending assets to and information about the recipient, depending on the country.”

Different rules apply in each country, the Nasdaq-listed exchange noted. For example, in Canada, only transactions of 1,000 CAD ($780) or more will be affected and the full names and addresses of the recipients will be required. For Singapore, all crypto transactions to an address that is not controlled by Coinbase will be affected.


Please enter your comment!
Please enter your name here

Latest Updates

More like this

Here are some few destinations in India you must visit

While travellers are looking ahead to booking trips to...

World’s smallest species of Cat in the world

When it comes to wild cats, much of the...

Find Wi-Fi password in Windows 10

Most of the times, your computer is automatically connected...

Iron Mask | “A Fight with the Prisoners” | Jackie Chan, Arnold Schwarzenegger | Movie clip 2020

Iron Mask – Premiering on Digital and On Demand...

You cannot copy content of this page