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The Coinbase government partnerships now include 145 US and another 29 global government entities. This expansion marks a very important milestone in government crypto adoption and also for institutional cryptocurrency integration. The company is positioning itself as the primary facilitator for blockchain technology in government as crypto regulations continue to evolve. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD How Coinbase’s Government Deals Shape Crypto’s Future & Regulation Source: Reuters Coinbase Strengthens Government Alliances The Coinbase government partnerships have grown dramatically across federal, state, and also local levels. CEO Brian Armstrong also highlighted this expansion in a recent social media post. Armstrong said: “Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S. In the wake of the U.S. Str...

Finding the right balance between regulations and banking institutions is important for Schiff, considering that Puerto Rico regulators closed down Schiff’s bank due to non-compliance. The recent fall of major banks in the United States and the need for federal intervention reignited discussions to identify the most effective ways to safeguard the crumbling economies. Comparing the episode to the financial crisis of 2008, prominent economist Peter Schiff found that increasing banking regulations contribute to the worsening financial crisis. A deeper analysis of Silicon Valley Bank (SVB) by a group of economists revealed that nearly 190 banks in the United States are at risk of a depositor-driven collapse. It was highlighted that the monetary policies penned down by central banks could hurt long-term assets such as government bonds and mortgages, creating losses for banks. The 2008 financial crisis was driven by the collapse of the housing market. However, Schiff believed the crisis ...