Coinbase responds to OSFI on capital and liquidity treatment for crypto-asset exposures, advocating for same-risk treatment, layered controls for permissionless networks, and removal of punitive Group 2 limits.

Coinbase responds to the FCA and Bank of England on tokenisation, advocating for DeFi-compatible infrastructure, stablecoin settlement, and a permanent regime beyond the DSS.

Coinbase responds to the Bermuda Monetary Authority on asset tokenisation, advocating for substance-over-form regulation, permissionless secondary markets, and outcome-based technical requirements.

Coinbase responds to MAS on the prudential treatment of cryptoassets on permissionless blockchains, advocating for a principles-based, risk-sensitive, and technology-neutral framework that allows multiple control models and treats any exposure caps as transitional and proportionate.

Coinbase responds to AMLA on draft RTS for customer due diligence and business relationships/occasional transactions, calling for a risk-based and proportionate framework that accommodates digital onboarding and avoids overly prescriptive requirements for CASPs and other digital-first firms.

Coinbase responds to HMRC on the taxation of stablecoins, arguing for a payments-focused tax framework that simplifies CGT for qualifying stablecoins and treats straightforward stablecoin lending and corporate use consistently with money, interest, and foreign currency principles.

Coinbase responds to the UK Cabinet Office on the UK’s national digital ID system and digital identity framework, arguing for a technology-neutral approach that explicitly accommodates decentralised identity alongside the proposed government Wallet model.

Coinbase responds to the Australian Treasury’s consultation on Tranche 1 payment service provider reforms, supporting a scalable, innovation-friendly framework for regulating AUD stablecoins as tokenised stored value facilities, including a higher Major SVF threshold, tailored unclaimed monies rules, and future interest-bearing options.

Coinbase’s response to the FCA’s CP26/4 and Consumer Duty guidance supports the UK’s branch-based approach to crypto trading platforms and outcomes‑focused protections, and sets out recommendations on territorial scope, Consumer Duty and COBS overlap, financial promotions categorisation, settlement wallet limits, and safeguarding for tokenised securities.

Coinbase’s response to the UK Debt Management Office’s consultation explains how forthcoming FCA and Bank of England stablecoin rules will create large, stable demand for short‑term UK government debt and outlines measures such as expanded and longer‑tenor T‑bill issuance, adjusted auction design, and coordinated policy with the Bank to ensure the T‑bill market can accommodate this new investor base.

Coinbase responds to the FCA’s CP25/40 consultation supporting innovative branch licensing, retail access to lending and staking, and proportionate consumer protections, and urges for targeted refinements to execution, venue and collateral rules and the treatment of DeFi.

Coinbase responds to FCA on UK crypto admissions, disclosure, and market‑abuse rules, calling for proportionate CATP liability, industry‑led shared disclosures, and practical, platform‑focused monitoring and reporting obligations.

Coinbase responds to the UK FCA on its crypto prudential regime, urging for crypto‑specific, proportionate capital rules instead of MiFIDPRU‑style K‑factors to avoid deterring UK entry and growth.

Coinbase responds to Bank of England consultation on sterling systemic stablecoins, urging for flexible reserves, no holding caps, and tech‑neutral rules.

Coinbase responds to SIF on Swiss crypto institution and stablecoin regime, emphasizing cross-border openness, proportionate, innovation-friendly regulation.

Coinbase responds to the Central Bank of Brazil on virtual asset capital rules, emphasizing proportional, risk-sensitive requirements, tech neutrality, and excluding segregated client assets.

Coinbase responds to the Australian House Economics Committee inquiry into digital payments, emphasizing the need to protect blockchain payments innovation, champion Australian‑dollar stablecoins with a trusted, interest‑bearing framework, and tackle debanking to restore competition and trust in Australia’s payments system.

Coinbase responds to UK FCA on crypto client categorisation rules, emphasizing proportional thresholds, relevant crypto experience, and regime alignment.

Coinbase advocates UK-led tokenised markets with parallel equity tokenisation, stablecoin DvP, composability/interoperability, and outcome‑based rules.

Coinbase urges Australian Securities and Investments Commission to align relief with Government frameworks, expand stablecoin eligibility, streamline wrapped‑token licensing, and permit omnibus custody accounts.

Coinbase backs Australia’s custody‑first DAP regime, enabling staking/TCPs while preserving global models and clarifying “possession/control” via consultative rulemaking.

Coinbase urges Ireland’s Department of Finance to modernize rules for DLT, MiCA stablecoins, tokenised funds, and regulated UCITS/AIF exposure.

Coinbase supports the Bermuda Monetary Authority’s PSA/DABA delineation, risk-based stablecoin regulation, tiered licensing, exemptions, DeFi safe harbors, reciprocal recognition, and AI payments hub.

Coinbase urges Australia to combat Crime-as-a-Service by leveraging crypto’s transparency, expanding law-enforcement training and tools, and institutionalizing public‑private information sharing.

Coinbase backs the Bermuda Monetary Authority’s risk-based AI approach, rejects prescriptive rules, showcases machine learning use, promotes blockchain “know-your-transaction,” and urges governance and harmonization.

Coinbase backs the Brazil Central Bank’s fair‑value accounting for virtual assets, narrow utility‑token definition, and off‑balance recognition of custodial holdings per ASU 2023‑08.

Coinbase supports a risk-based, tech-neutral custody regime in Hong Kong, urging global interoperability, proportionate requirements, and flexibility on sub-custody and cold storage.

Coinbase calls for Hong Kong’s VA dealing rules to allow global liquidity, custodial options, and services like staking, while ensuring investor protection, proportionality, and regulatory balance.

Coinbase urges the EU to focus on consistent MiCA implementation, safeguard DeFi and self-custody, enable interest-bearing stablecoins, and adopt globally aligned rules to keep Europe competitive in digital finance.

Coinbase recommends a more proportionate UK prudential framework aligned with MiCAR and US standards to support innovation, reduce burdens on small firms, and recognize crypto-native capital structures.

Coinbase supports FCA efforts but calls for greater flexibility on interest payments, custody arrangements, and redemption timelines to foster stablecoin innovation and improve market access.

Coinbase urges ESMA to modernize MiFID II to reflect digital-first investing, advocating for 24/7 trading, simplified disclosures, and access to blockchain-based infrastructure.

Coinbase endorses lifting the retail ban on crypto ETNs and calls for broader reforms to enable regulated crypto derivatives, improve financial promotions, and align UK policy with global standards.

Coinbase urges AUSTRAC to refine AML rules, excluding non-custodial software providers from the Travel Rule, adopting a value threshold, and adding an observational period for smooth implementation.

Coinbase supports FCA’s proposals enabling global liquidity, urging proportionate rules for trading, custody, staking, and opposing bans that could harm UK crypto market innovation.

Coinbase supports a tech-neutral, innovation-friendly CMU. We call for enabling digital-native issuance, integrating DeFi, clarifying custody rules, and fostering interoperable blockchain infrastructure to modernize EU capital markets.

Coinbase supports IFSCA’s efforts to enable tokenisation at scale. Our response outlines principles-based recommendations across infrastructure, issuance, settlement, and custody to help build a globally competitive, digitally native capital market in GIFT City.

Coinbase urges MAS to adopt a more risk-sensitive approach to cryptoasset exposures, cautioning against overcapitalization that could hinder innovation, and recommending adjustments to stablecoin classifications to better reflect economic substance.

Coinbase urges FATF to drop proposed R.16 changes requiring date/place of birth and beneficiary addresses, citing privacy risks, compliance burdens, and negative impacts on financial inclusion and vulnerable populations.

Coinbase urges the EBA to favor MiCAR’s risk-based approach over the overly conservative Basel Standard when setting transitional crypto exposure rules for banks, advocating for innovation-supportive regulation in the EU.

Coinbase’s letter to the FSB urges updates to the crypto-asset regulatory framework. It advocates for a technology-neutral approach, consideration of recent innovations, and breaking from outdated regulatory habits.

Coinbase responds to the FCA's Discussion Paper on cryptoasset regulation, emphasizing tailored disclosure standards, proportionate liability, and practical market abuse controls to foster UK crypto innovation.

Coinbase offers detailed feedback on ASIC's proposed updates to INFO 225 regarding digital assets, highlighting concerns about regulatory timing and stablecoin treatment, while suggesting deferral of updates pending government reforms.

Coinbase provides feedback on Brazil's proposed regulations for virtual asset services in the foreign exchange market, addressing stablecoin transfers, self-custody restrictions, and cross-border transaction requirements.

Coinbase reagiert auf den Aufruf der Europäischen Kommission zur Vorlage von Beweisen zur Europäischen Spar- und Investitionsunion und legt wichtige Empfehlungen vor, darunter die Nutzung von permissionless Blockchains und eine Neubewertung der aufsichtsrechtlichen Behandlung von Krypto.

Coinbase antwortet auf die öffentliche Beratung von AUSTRAC zu den neuen AML-/CTF-Regeln (zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung) und setzt sich für klare Definitionen von VASPs, eine datenschutzfreundliche Einhaltung der Travel Rule, die Ausklammerung von selbstverwahrten Wallets und einen Schwellenwert von 1.000 AUD ein. Die Antwort hebt die Rolle von TRUST bei der regulatorischen Anpassung und der Zusammenarbeit in der Branche hervor.

Coinbase responds to Working Paper 44, offering thoughts on how the BCBS can move forward effectively, and the reasons why continued engagement is so important.

Coinbase setzt sich für die Aufnahme von Stablecoins in den G20-Fahrplan für grenzüberschreitende Zahlungen ein, da diese mit ihrer nachgewiesenen Effizienz, Geschwindigkeit und Kosteneffektivität bei der Erreichung der G20-Ziele für finanzielle Inklusion und Innovation behilflich sein können.

Coinbase advocates for a flexible, innovation-driven framework for Digital Identity regulation in Bermuda, emphasizing support for decentralized ID, user privacy, and cross-sector applications while fostering global interoperability and trust.

Coinbase urges EIOPA to adopt a risk-based approach to crypto asset capital requirements, supporting diversification benefits and proportional risk assessments aligned with MiCAR, ensuring balanced prudential standards for insurance investments.

Coinbase supports proportionate reforms to strengthen safeguarding while urging the FCA to balance compliance with innovation, proposing risk-based approaches to audits and reporting, and advocating for flexibility to ensure competitiveness and growth in the UK.

Coinbase commends the RBA’s exploration of digital money and tokenised markets through Project Acacia. The response highlights the potential of permissionless DLT systems, stablecoins, and mixed-payment ecosystems to enhance wholesale market efficiency and cross-border transactions, while advocating for regulatory clarity to foster innovation.

Coinbase supports the BMA’s amendments to the Digital Asset Business Act (DABA), emphasizing proportional regulation to balance innovation and consumer protection. The response advocates for tailored wind-down plans, operational flexibility, and streamlined reporting to foster Bermuda’s leadership in digital asset regulation.

Coinbase supports CNV’s efforts to regulate VASPs, advocating for a global trading model with access to international liquidity and custodians. The response emphasizes tailored regulation, operational clarity, and incremental approaches to foster Argentina’s crypto adoption while ensuring consumer protection and innovation.

Coinbase supports Canada’s efforts to establish a federal framework for stablecoins under the Retail Payment Activities Act (RPAA). We emphasize global regulatory harmonization, 1:1 reserve backing, and tailored rules to foster innovation, ensure consumer protection, and enhance the competitiveness of Canada’s digital asset ecosystem.

A response from Coinbase advocating for improved EU policies on Distributed Ledger Technology (DLT) and tokenization. Recommendations include raising DLT pilot limits, supporting permissionless systems, utilizing MiCA-authorized stablecoins for settlements, and harmonizing EU custody regulations.

Coinbase advocates for integrating stablecoins and permissionless blockchains into the UK's financial ecosystem, emphasizing their role in financial stability, inclusion, and innovation. It recommends a mixed payments system to foster competition, efficiency, and resilience.

Coinbase supports the proposed regulatory framework for Fiat-Referenced Tokens in Abu Dhabi Global Market, advocating for global regulatory alignment and balanced, innovation-friendly policies to advance the digital asset ecosystem.

Coinbase addresses the potential of AI in enhancing financial services, emphasizing responsible adoption to prevent fraud, improve efficiency, and strengthen regulatory compliance. Recommendations include supporting AI innovation, leveraging blockchain technology, and fostering a balanced regulatory framework to ensure security and transparency.

Coinbase advocates for crypto-assets, including stablecoins, as eligible assets under the UCITS Directive. We emphasize MiCAR’s regulatory framework, highlighting parallels to existing UCITS assets, robust liquidity, reliable valuation, and risk management potential.

We applaud the BMA's efforts in establishing a regime that is attractive to SCPS issuers with global ambitions. By adopting a principles based framework, the BMA avoids a one-size-fits-all approach that could unnecessarily inhibit innovation in the digital asset economy. Going forward, we encourage the BMA to take an incremental approach to the Guidance.

We appreciate ESMA's thoughtful approach, as reflected in the consultation and questions posed. We encourage ESMA to consider additional regulatory nuance to account for the unique technical features of DLT, the speed of crypto-asset transactions, and consumptive uses for crypto-assets.

We highlighted the unique attributes of blockchain-based solutions in fighting financial crime and cautioned against the implementation of IFTI reporting for DASPs.

We applaud the FCA’s and Bank of England’s approach to allow new players to experiment and innovate in the DSS, but highlighted certain problematic regulations that apply to performing non-DSS activities.

We comment on the UK’s implementation of the OECD’s Cryptoasset Reporting Framework (CARF), emphasizing the need for consistency in global implementation and advocating for an approach that supports industry growth while ensuring compliance.

We encourage ESMA to direct the focus of the guidance more towards “active marketing” as opposed to “passive availability,” and suggest modifications to the guidance in some areas which will help align the guidance better to standard market practice.

We support the general concept followed in the draft guidance to approach each crypto asset on a case-by-case basis for classification, and also encouraged some necessary adjustments to the guidance.

We urge the Basel Committee to reconsider its approach to bank crypto exposures to support responsible innovation.

We support the further regulatory clarity provided by the guidelines and strengthening the EU's AML/CTF regimes, but highlight key areas that present challenges for the industry, particularly around the treatment of self-hosted wallets ("SHWs").

We applaud the Department of Finance for investigating the future of Ireland’s National Payments Strategy and fostering innovation in the payments space, and we support the Department in building a multi payment ecosystem that is efficient and future proof for an increasingly digital age.

We encourage the BoE and FCA to adopt stablecoin frameworks that will promote the envisioned mixed payments ecosystem.

We encourage the EBA to adopt rules that will support innovation and growth in the European stablecoin market.

We encourage the BoE and FCA to adopt stablecoin frameworks that will promote the envisioned mixed payments ecosystem.

We applaud the Central Bank of Brazil for taking the first step in developing a standalone regulatory regime for Brazil. Note: Our response was originally submitted in Portuguese.

Coinbase challenges the CFPB's inclusion of crypto-assets under its proposed rule, citing lack of authority, insufficient analysis, and potential conflicts with pending federal legislation. The response advocates for removing crypto-assets from the rule, urging tailored rulemaking and comprehensive industry engagement.

Coinbase provides feedback on ESMA's second consultation for MiCA technical standards, addressing sustainability disclosures, proportionality in white paper requirements, and machine readability. The response emphasizes the need for balanced approaches to foster innovation while meeting regulatory goals.

We applaud the Australian Treasury’s efforts to create a globally competitive regulatory approach to digital asset platforms.

We encourage IOSCO to recognize the benefits of decentralized protocols and create better regulatory pathways for DeFi projects.

We applaud ESMA's efforts further developing the EU’s leadership role as the most comprehensive crypto asset regulatory framework globally.

Coinbase highlights key recommendations for Ireland’s MiCA implementation, including consistency in licensing, level playing field concerns, and addressing white paper liability. Emphasizing swift MiCA licensing and proportionality, the response aims to enhance Ireland’s position as a Web3 innovation hub.

We support global standards for crypto markets, which should recognize the importance of consumers using crypto-assets on chain in web3.

Our response to the Financial Conduct Authority's consultation on cryptoasset financial promotions, focuses on the regulatory treatment of staking services. We outline the benefits of staking, its distinctions from lending, and regulatory recommendations.

We believe the digital pound can help increase economic freedom by giving people access to public money in digital form.

Coinbase offers its perspective to the Australian Attorney General and the Australian Transaction Reports and Analysis Centre (AUSTRAC) as it seeks to modernise Australia's anti-money laundering and counter-terrorism financing regime.

DeFi holds incredible promise, and Coinbase looks forward to supporting the ACPR in this exploratory phase of its work.

We support the UK Government in taking a leadership role globally and sending a powerful message that it is open to cryptoasset businesses.

We look forward to working with and supporting the SFC to foster a transparent regulatory environment and unlock opportunities that virtual assets provide for Hong Kong.

Coinbase urges the SEC to exclude digital asset securities from the proposed Regulation Best Execution. Highlighting the nascent market, regulatory gaps, and lack of data, Coinbase recommends tailored rulemaking and a concept release to ensure appropriate frameworks for digital asset securities.

Our detailed response to the Monetary Authority of Singapore's proposed regulatory measures for Digital Payment Token Services, highlights the importance of balanced regulations that foster innovation, enhance consumer protection, and strengthen trust in the evolving blockchain ecosystem.

Coinbase’s views on what the global standards should be for crypto activities and markets.

Coinbase offers its perspective on the proposed framework for capital treatment of banks’ crypto exposures.

Coinbase comments on the potential application of GST to crypto transactions, and requests clarification with respect to its application to “spread” earned by crypto exchanges on buy, sell, and crypto-to-crypto transactions.

Coinbase proposes tailored tax rules for DeFi transactions and staking in the UK, with the goal of providing increased clarity for taxpayers and businesses.

Coinbase’s response to the Australian Government’s request for comment.

Coinbase’s response to Dubai’s Financial Services Authority’s request for comment.

Coinbase argues the proposed CARF should follow a phased implementation and ensure parity with financial institutions subject to Common Reporting Standards (CRS), as well as conformity to the Financial Action Task Force (FATF) principles.

Coinbase emphasizes the need for a cautious, methodical approach to applying PFMI to stablecoin arrangements. The response highlights regulatory uncertainty, the evolving nature of stablecoins, and the importance of proportionality to avoid stifling innovation while addressing risks in the growing digital asset ecosystem.

Coinbase’s response to the Basel Committee’s Public Consultation on Preliminary Proposals for the Prudential Treatment of Banks' Cryptoasset Exposures.