Today, it has been announced that Coinbase has been fully approved by the SEC and the FINRA to sell Crypto coins and tokens, which have been labeled securities.
In that both agencies appear to be the highest level of authority on the subject in the United States, this would seem to be some sort of momentous news for the Blockchain space.
Inside of this approval, lies the reported fact that both agencies will let Coinbase purchase three existing, traditional security dealers to begin to facilitate the transition, which are named: Keystone Capital Corporation, Venovate Marketplace Inc., and Digital Wealth LLC.
Back around June 6th, we actually released a report on Coinbase’s plan to acquire these companies but as of now, it looks like the plan is going through without a hitch.
The next step, after the long process of assimilating the companies into Coinbase’s existing, operating framework, is to connect Coinbase’s existing Blockchain technology to the systems of the new companies, to make sure that the entire business is running smoothly in the same way.
According to an article by Coindesk on the subject, at this time, we do not know how long this assimilation will take or when Coinbase hopes to go live in its new form.
Even so, it is reasonable to say at this point that if Coinbase can become regulated and still deal with Crypto, then others can as well.
The question then becomes: just how many different types of Crypto businesses will be allowed to do so?
Will regulatory agencies be just as okay with Crypto prediction markets, which some seem to believe are nothing more than new age gambling sites?
Will they accept the existence of currencies like Monero and Zcash, which some believe are merely vehicles for dark market activity?
At this point, almost nothing is sure, except that it is viable for the Crypto tokens and coins, themselves, to be regulated as viable, legal, investment opportunities.
If this claim proves to be completely accurate, then could it not be the most important step ever for the space?
Whatever the case, answers will follow, depending on Coinbase’s success and the partnerships that it makes after it becomes fully integrated and fully regulated.
By: BGN Editorial Staff