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Coinbase, the top crypto trading center in the United States, the headquarters of the company, has responded to the proposal of the Financial Stability Federation (FSB) for international regulation of crypto assets. The regulatory organization will also release this proposal in many months.

Paid by the top current administrator of CoinbaseFaryar Shirzad said that the trading center has confirmed that several important industries should be considered in all regulatory frameworks around the world

Coinbase names the stable currency as“A new era of financial innovation management. " However, Shirzad wrote that Coinbase and FSB have some difficulties in their views on stable currency.

"However, I am uneasy about the depth and breadth of the term" stable currency allocation "used by the Financial Stability Federation. As used in the statement, this term includes a wide range of theme activities, many of which far exceed the typical management authority of financial sales market infrastructure construction, such as certification of trading on the blockchain network. It is recommended that the Financial Stability Federation establish the" stable currency agreement Beyond the scope of books. " All verifiers, blockchain builders, wireless relays, pool network operators and other blockchain application infrastructure construction service providers of "ablecoin distribution" have not participated in any way of stable currency distribution except for blockchain networks where stable currencies can operate. “

Coinbase also elaborated on the necessity of blockchain technology finance (DeFi), and suggested that FSB look for a breakthrough in this field, rather than trying to completely eliminate it.

"The government and regulatory organizations encourage the initial development trend of big data, and they should also encourage the DeFi innovation of the foundation beam to develop rapidly. DeFi developers only develop and publish codes; they do not directly provide help for customers' financial transactions or own their property. For us, it is not advisable to regulate developers as the crypto asset market." German descent. "

You will read the detailed response to the article Coinbase here.

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