Coinbase Hit by Bad News And a Famous Short Seller

Published by
The Street

By Luc Olinga The most popular platform for buying and selling bitcoin and other digital currencies is affected by two unexpected problems. The clouds seem to be gathering on Coinbase (COIN) . Scarcely has one difficulty been removed then the second presents itself. The most popular of the crypto exchanges was recently facing political pressure to block the accounts of Russian individuals and entities following sanctions imposed by the United States, the European Union, and their allies. Authorities fear Russians are using crypto to circumvent sanctions and launder their assets. But within a f…

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