US Wants to Block the Exits before Digital Dollar Devaluation: Balaji
CoinEdition
Published Mar 25, 2023 05:04AM ET
Updated Mar 25, 2023 05:30AM ET
US Wants to Block the Exits before Digital Dollar Devaluation: Balaji
- US officials lobby the UK and Canada to tighten restrictions on the crypto industry.
- Coinbase’s ex-CTO said it’s a move to block the exits before the digital devaluation.
- Canada has restricted citizens to a $30k limit a year of specific cryptocurrencies.
Reports have emerged that US officials, including Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), have been lobbying their UK and Canadian counterparts to tighten restrictions on the crypto industry.
Balaji Srinivasan, a former chief technology officer at the Coinbase (NASDAQ:COIN) crypto exchange, describes the action as an attempt to “block the exits before the digital devaluation of the dollar.”
The Twitter user added that most banks in Canada are refusing to process transfers related to cryptocurrencies, further limiting the ability of individuals to invest in the assets.
The post US Wants to Block the Exits before Digital Dollar Devaluation: Balaji appeared first on Coin Edition.
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