Coinbase, the Nasdaq-listed cryptocurrency exchange Coinbase, has updated its services for three 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.”
Updates for Coinbase customers in Canada, Japan and Singapore
Coinbase is a Nasdaq listed cryptocurrency exchange.
Coinbase will make some changes to the way Coinbase handles customers from Canada, Singapore and Japan starting April 1, 2022 in order for them to be compliant with their local laws.
“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.”
According to the Nasdaq exchange, different rules apply in each country. Canada will only affect transactions exceeding 1,000CAD (780 USD) and full names and addresses will be needed. Coinbase is not responsible for any crypto transactions that go to Singapore.
How do you feel about Coinbase changing its services to users from Canada, Japan and Singapore? Please leave your comments below.
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