Coinbase Halts Staking In Four US States
The American cryptocurrency exchange Coinbase has announced that it will stop offering staking services in four states. To adhere to the legal requirements set forth by the regulatory authorities in those states, Coinbase, one of the biggest and most well-known cryptocurrency exchanges, decided to take this action.
Users in California, New Jersey, South Carolina, and Wisconsin won’t be able to use some staking services until further notice, Coinbase announced in a blog post on July 14. Following the cryptocurrency exchange’s regularity problems, asset staking has been temporarily stopped.
The report claims that only California, New Jersey, South Carolina, and Wisconsin required the cryptocurrency exchange to halt the staking service following the regulatory action. However, users based in other states, like Alabama, Illinois, Kentucky, Maryland, Vermont, and Washington, allowed to stake cryptocurrencies as normal.
(With inputs from Shikha Singh)
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