Coinbase UK exec sees "big developments" in crypto regulation by 2021

21 Jan, 2019
by David Robb
Coinbase UK exec sees big developments in crypto regulation by 2021

A leading UK representative of Coinbase has recently given an interview to Forbes. He predicted that the space should see some major regulatory developments within the next two years, "particularly in Europe".

Marcus Hughes is the chief legal counsel for Coinbase in the UK. The country's leading financial authority, the FCA, should soon have full power of oversight over all crypto assets. It is currently conducting a consultation that may lead to a ban on the sale of crypto derivatives. 

Meanwhile, the remaining member states of the European Union (which may soon not include the UK) could adopt standardized rules and guidelines in the near future. Hughes believes this kind of clear regulation, as long as it isn't entirely prohibitive, can only be a good thing for the crypto space, or at least for centralized exchanges and brokers: "We could end up with E.U. member states creating their own crypto laws, but it's certainly possible we'll get a unified approach in Europe. It would make life for companies like Coinbase a lot easier."

Hughes believes that Bitcoin does have a bright future, and claims that it's important to focus on adoption and ignore the current speculation mindset in the market, saying that Coinbase "takes the long view" on crypto prices. Once the utility phase starts and definite regulation is in place, he would "be surprised if other traditional financial services executives didn't make the move across to the bitcoin and cryptocurrency world. As the industry matures and is better regulated it will need the talent and experience to manage it."

Read more: What happens to Bitcoin if the stock market crashes?8 long-term Bitcoin price predictions by experts

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Read more about:Coinbase


Will Coinbase continue to be #1?

(79 votes)

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he ignores the speculation but everyone knows about the insider trading of Coinbase. So that's not a speculation ?)))
21 Jan, 2019 - 20:45
Speculation on Coinbase where he works is not considered speculation xDDD Can't stop laughing
23 Jan, 2019 - 23:04
I've thought that Mr. Hughes would tell here an interesting story about his new colleague Mark Kelly who previously worked at Grant Thornton. The same company that conducted a fake audit of Coinbase coin USDC not so long ago.
21 Jan, 2019 - 21:43
Why the police are still not investigating this case?
24 Jan, 2019 - 14:26
I believe that decentralization and digital currency is the future of every state. However, as long as speculators have a power and the decentralized exchanges like Coinbase are managed by scammers, cryptocurrency will not develop
21 Jan, 2019 - 22:05
Coinbase representatives can talk about non-speculation after Coinbase will stop such activity. because in such way it's similar to hypocrisy from them
21 Jan, 2019 - 22:16
This time Coinbase and Circle couldn't escape big scandal with mysterious USDC audit by their friends from Grant Thornton.
21 Jan, 2019 - 22:53
Yes! Coinbase and Circle finally must be punished
22 Jan, 2019 - 22:27
Marcus Hughes should research Coinbase better to understand that fraud has flooded this exchange at all.
22 Jan, 2019 - 08:07
Does this person even understand that not to achieve the introduction of blockchain and cryptocurrency while fraudsters are in power? At first you should start cleaning Coinbase fraud and only then thinking globally about future
22 Jan, 2019 - 08:40
nice question `Will Coinbase continue to be #1?`. But I have a wuestion too. Is it #1 now?
I don`t think so
22 Jan, 2019 - 09:10
for me all Coinbase representatives only can talk about different things but not about Coinbase problems and its insider trading
with such an 'success' coinbase has no chance to stay at the market
22 Jan, 2019 - 21:05
Coinbase will always talk about the global problems but never says about its own problems and negative reputation
22 Jan, 2019 - 21:41
I like this question at the news end "Will Coinbase continue to be #1?"
who can explain to me when Coinbase become #1? It is ridiculous because Coinbase has so much fraud inside
22 Jan, 2019 - 22:24
of course, crypto protection is in need of regulatory innovation. A lot of scams. Remember the same recent case in CoinBase with ETC, when half the token was cracked right after the listing. need supervision of major exchanges and ico
22 Jan, 2019 - 22:33
he told about 'some major regularity developments' - it would be better to have a lot of developments in Coinbase activity which blocks the users account. i'd like to discuss this issue with him
22 Jan, 2019 - 23:00
Coinbase UK exec will not check Coinbase ever because Coinbase paid money for its immortality.
24 Jan, 2019 - 21:06
big developments ? really? i can believe if Coinbase to invent couple ideas how to steal more money of its users )
24 Jan, 2019 - 22:43
It is better to see issues in his exchange. Coinbase is a scam but people (staff) ignore this fact because they are getting a good income for silence.
25 Jan, 2019 - 23:54
in case your platform Coinbase usually steals the money of the users for no reason of course you say about big developments
but i think that these developments improve only the material status of coinbase employees
27 Jan, 2019 - 17:58

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