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Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.
Hoskinson cites Armstrong's leadership at Coinbase as key to overcoming regulatory hurdles and promoting industry unity.
The prohibition follows a larger ban on crypto ETFs effective since 2017 due to the South Korean's Capital Markets Act.
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
