Regulation is one of the biggest risks when it comes to the cryptocurrency business, Brian Armstrong, CEO of Coinbase, told CNBC.
“It’s right up there with cybersecurity,” Armstrong said in an interview with Andrew Ross Sorkin that aired Wednesday morning. “And most importantly, now that Coinbase is a public company, we’re going to examine more and more what we’re doing and people want to understand the implications.”
“And so we’re very happy to be involved, just like we’ve been doing for the last ten years, you know, really nine years since the start of the company, with everyone in DC and really legislators , political people around the world, because Of course, Coinbase is now in many different countries, on how we can build this industry and this company more carefully, ”he added.
Coinbase will become the first major cryptocurrency company to go public in the United States after reaching the markets through a direct listing later. The Nasdaq gave the company a reference price of $ 250 per share before the direct listing, which would value the exchange of cryptocurrencies at about $ 65.3 billion on a fully diluted basis.
“We are very excited and happy to comply with the rules. And basically, we just ask that, well, we want to be treated at least with traditional financial services and not have any kind of punishment being in the cryptographic space,” he said. Armstrong.
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