TechFlow news — Regarding "Coinbase offering free local bank transfers for users in Singapore," Coinbase CEO Brian Armstrong stated on Twitter: "The U.S. regulatory environment lags behind other major financial centers (such as the UK, Singapore, and Hong Kong) in establishing clear rulebooks for cryptocurrency. We will adjust our investments accordingly."
Yesterday, Coinbase announced that through a new strategic banking partnership with Standard Chartered Bank, it will enable local bank transfers for users in Singapore, allowing them to deposit funds into their Coinbase accounts for free from any local bank. Additionally, Coinbase has integrated Singpass to make it easier for users to join the platform.Original link
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