U.S. crypto exchange Coinbase secures Bermuda licence


FILE PHOTO A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken March 4 2022. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) -Major U.S. crypto exchange Coinbase Global Inc has said it has secured a licence to operate in Bermuda, as part of a wider push to expand globally.

Coinbase CEO Brian Armstrong said on Tuesday that crypto firms will develop in "offshore" havens unless the U.S. and UK create "clarity about regulation" for crypto.

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